International legal practice Osborne Clarke has advised Deutsche Telekom Capital Partners (DTCP) on its investment in Fornova. The $17 million financing round was led by DTCP, with participation from Waypoint Capital and JAL Ventures.

DTCP is the investment management group of Deutsche Telekom. The company provides venture capital, private equity, and advisory services to the technology, media and telecommunication sectors.

A supplier of online data scanning and distribution technology, Fornova gathers data on hotel prices from reservation systems and online portals and provides the hotel industry with real-time performance analytics. The company’s solutions have won recognition as the most cutting-edge market intelligence and market visibility tools available.

An Osborne Clarke team led by partner Nicolas Gabrysch has advised DTCP on this transaction. The team also included Till-Manuel Saur (both Corporate / Venture Capital), Dr Ulrike Bär (Tax) and Robert Wood (Corporate, London) as well as Etai Shay, Ofer Ben-Dayan, Tal Shalom, Omri Arouch, Craig Rubin and Niva Zadik, (GKH Law Offices – Israel).

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