VUKMIR + ASSOCIATES have advised Indian multinational OTA OYO Rooms in acquiring 100% shareholding in the Croatia’s leading online vacation rental solution provider – company Direct Booker.
OYO Rooms (stylised as OYO), also known as OYO Hotels & Homes, is an Indian multinational OTA, homes and living spaces. Founded in 2012 by Ritesh Agarwal, the startup expanded globally with thousands of hotels, vacation homes and millions of rooms across more than 80 nations including India, Malaysia, UAE, Nepal, China, Brazil, Mexico, UK, Philippines, Japan, Saudi Arabia, Sri Lanka, Indonesia, Vietnam, the United State and more.
Direct Booker is the Croatia’s leading online vacation rental solution provider, seated in Dubrovnik. Direct Booker is a globally awarded brand and recognized as a top 10 Vacation Rental Company with World’s leading Vacation Rental Franchise business.
VUKMIR + ASSOCIATES team on the transaction was led by partners Tomislav Pedisic and Ivan Ćuk, and also included partner Sanja Tkalec Kovač, senior associates Tea Cerinski and Andrea Kožul Pedišić, and associate Karlo Brekalo.
Financial details of the transaction are confidential.