Osborne Clarke advises Homelike on merger with Q Global Network

Osborne Clarke has advised prop-tech company Homelike on its merger with Q Global Network (QGN).

Homelike brokers the long-term rental of furnished flats for business travellers on its platform. In this way, the Cologne-based start-up – founded in 2014 by Christoph Kasper and Dustin Figge – aims to help executives, professionals, expatriates, consultants and interns from around the world find suitable accommodation quickly and easily online. Currently, Homelike has over 180,000 flats in its portfolio, and says it has over 750 B2B customers and around 200,000 active B2C accounts on its platform.

Now, UK hotel investment group QIG Holdings has made an eight-figure investment in Homelike. The partnership begins with a merger between Homelike and flat provider QGN, which is part of QIG. The strategic collaboration is expected to combine Homelike's success in the B2C market and QGN's strong position in the B2B sector to make the Homelike brand more successful. 

“With this globally unique combination, we are in the ideal position to solve the industry’s most eminent digitisation challenges around global portfolio management,” said Philipp Morawietz, Managing Director of Homelike.

The German Osborne Clarke team advising Homelike, led by Nicolas Gabrysch, consisted of Maximilian Vocke, Joanna Chudzinski, Giovanni Alexandrov, Benedikt Hülsmann, Fenja Striesow (all Corporate / VC) and Dr Jens Wrede (Tax).

In addition, Robert Wood, Robert Pook, James Robertson (all Corporate) and Tracey Wright (Tax) from Osborne Clarke UK advised on the merger.