Norton Rose Fulbright advises TFI PZU S.A. on financing acquisition of minority stake in eTravel

Global law firm Norton Rose Fulbright has advised TFI PZU S.A. on financing the acquisition of a significant minority stake in eTravel S.A. (eTravel) by Enterprise Investors Fund IX, together with the European Bank for Reconstruction and Development (EBRD) as a minority co-investor.

Founded in 2006, eTravel is a leading corporate travel management company in Central and Eastern Europe. Its platform streamlines bookings, reduces costs, and integrates with clients' travel and accounting systems. In 2023, eTravel managed nearly 1 million bookings, serving corporate clients and governmental institutions.

The investment will support eTravel’s growth strategy, including upgrades to IT platform and the integration of advanced AI tools, strengthening its competitive position in the evolving corporate travel market. It will also help eTravel reinforce its market-leading position in Poland and selectively expand into high-potential markets across Central and Eastern Europe.

The Warsaw team was led by senior associate Igor Kondratowicz and included counsel Krzysztof Jasiński and lawyer Antoni Krzyżanowski. Partner Tomasz Rogalski supervised the transaction. 

Luxembourg law advice was provided by partner Stephane Braun and associate Salome Mathey.