9 June 2023
A German-English team from international law firm Taylor Wessing, led by Berlin-based partner Dr Norman Röchert, has advised QIG Holdings (QIG) on an eight-figure investment in PropTech company Homelike. The core of the partnership between QIG and the technology group is the fusion of Homelike and Q Global Network (QGN), a subsidiary of QIG.
The strategic goal of the merger is to combine the complementary product offers of both companies, to strengthen the Homelike brand and to further develop the B2C and B2B markets under this brand.
Q Global Network is a leading provider of high-quality serviced flats with its own accommodation in London, Copenhagen and Sao Paulo as well as a partner network in around 360 cities worldwide.
Homelike brokers business flats on its platform and, according to its own information, has around 750 active business customers. After the merger, the portfolio comprises more than 180,000 accommodations in over 70 countries.
Legal advisor QIG Holdings
Taylor Wessing Germany: Lead partners Dr. Norman Röchert (Partner), Dr. Armin Bartsch (Salary Partner), Yanick Sambulski (Associate), Florian Tambour (Associate, Düsseldorf), Felix Paul (Professional Support Lawyer), all Corporate / M&A, Dr. Gregor Schmid (Partner), Eva Surowiecki (Associate), Dr Timm Düwel (Associate), all IP / IT, Nico Jänicke (Partner), Dr Thomas Hohe (Associate), both Employment, Pensions & Mobility, all Berlin, unless otherwise stated.