Karavel Groupe Set for New Chapter with Equistone, Montefiore, Ceres, and CFJ

Karavel Groupe, a leading French tourism company, is set to be acquired by Montefiore Investment, Ceres Industries Capital, and Compagnie Financière Jousset (CFJ) in a deal currently under exclusive negotiations with Equistone Partners Europe. The transaction, which requires regulatory approval, is designed to retain the management team's significant stake while leveraging the expertise and strategic insight of the new investors. The deal emphasizes synergy with the management team’s vision to expand Karavel’s international market presence, strengthen its brand assets, and pursue a strategy of innovation, investment, and M&A. Karavel, known for its e-tourism prowess and nearly two-decade history, serves 1 million customers annually with over €1 billion in revenue, facilitated through brands like FRAM and Promovacances. The partnership aims to bolster Karavel's market leadership and resilience, especially following a period of intensified growth post-COVID-19 facilitated by Equistone's support. The prospective buyers bring complementary strengths: Montefiore's sector expertise, CFJ’s entrepreneurial vigor, and Ceres’ industrial acumen, paving the way for a strategic growth phase both domestically and internationally.