Kelemenis & Co. acts for the management team of Youtravel.com in company restructuring with Barclays
Kelemenis & Co. has been instructed by the management team of UK company Stelow Ltd and its subsidiaries Youtravel.com S.A and Youtravel.com Ltd. to advice on the restructuring of the holding company in which Barclays Ventures holds the majority of shares. Youtravel.com is a company that renders its services in the travel industry through the internet and whose turnover exceeded €100 million during its third year of operations. With the current restructuring, top executives of Youtravel.com acquired shares in the holding company. Work included reviewing the new Articles of Association of Stelow Ltd, the new Investment Agreement and the services and employment agreements of the executives, as well as participating actively in the negotiations of the parties.