News on deals
Grant Thornton advises QIG Holdings on significant investment in Homelike GmbH
23 Jun 2023
Hamburg, 23. June 2023
On 28 May 2023 QIG Holdings Limited, an established investment group in the hospitality sector, announced a significant eight-figure investment in the PropTech company Homelike GmbH. QIG Holdings expands its brand portfolio in the alternative accommodation sector with this step and strengthens its market position with the aim of sustainably developing and changing the industry.
Grant Thornton acted as financial advisor to QIG Holdings on the investment. An interdisciplinary team of experts from the areas of advisory and tax contributed significantly to the success of the transaction with comprehensive financial and tax due diligence services.
QIG pursues the strategic objective of driving a revitalisation of the hospitality industry worldwide. The company focuses in particular on alternative accommodation - from serviced flats and aparthotels to co-living and pods. QIG expects to find new opportunities for growth in this area by expanding its brand portfolio.
Homelike has a platform with a requested volume of US$500 million in 2023, a booked volume of US$100 million, a global portfolio of over 180,000 apartments and serving more than 70 countries post-merger. The combined number of active B2B customers is 750+, with 200,000 active B2C accounts on the Homelike platform yearly.
As one of the leading prop-tech companies, Homelike GmbH positions itself as a pioneer in the alternative accommodation sector. The company focuses on B2C relationships. With its focus on the use of technology, it offers customers a special user experience coupled with a novel way to book and manage accommodation. To drive industry change, Homelike is strengthening its position by partnering with QIG. With QIG's significant investment and strong financial backing, this partnership positions Homelike to dominate the global medium to long stay market and drive innovation.
Team
Advisory
Alex Refec
Senior Manager
+49 40 32088 1216
alex.refec@de.gt.com
Niklas Kurzrock
Consultant
+49 40 32088 1268
niklas.kurzrock@de.gt.com
Tax
Torben Schlitt
Partner
+49 211 9524 8192
torben.schlitt@de.gt.com
Benjamin Oesterling
Partner
+49 69 9055 98 605
benjamin.oesterling@de.gt.com
About Grant Thornton in Germany
Grant Thornton is one of the ten largest audit firms in Germany, providing services to upper mid-market companies and listed companies with around 1,600 employees at eleven offices. The audit and consultancy firm consists of the service lines Audit & Assurance, Tax, Advisory, Business Process Solutions, Legal, and Private Finance. The company is the German member firm of Grant Thornton International Ltd. The Grant Thornton network has 68,000 employees and advises companies in around 150 countries around the world. www.grantthornton.de
Contact
Susanne Gehrling
Head of Corporate Communications
+49 69 905598 617
susanne.gehrling@de.gt.com
