CM-CIC invests in Labellemontagne

Several of the company's existing shareholders – Caisse d'Épargne Rhône-Alpes Entreprises, Rhône-Alpes PME Gestion and BPI France – joined CM-CIC's minority buyout, putting in more capital.

BPI invested through its France Investissement Tourisme fund and l'Institut Lorrain de Participation fund.

The Remy family remain the majority shareholder. The investment will be used to consolidate the firm's core business and expand some if its resorts. It is also considering plans to diversify into other recreational activities.

Company
Founded in 1961 in the Vosges Mountains, Labellemontagne's  turnover was €73m in 2016, according to a statement. It currently manages 11 stations over four massifs. As well as its sites in the Vosges, it also has operations in Pays de Savoie, Hautes Alpes and the Piemonte region of Italy.

People
Labellemontagne – Jean-Yves Remy (president).
CM-CIC – Nam Metzger (director); Pierre Barbier (associate).

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• Topics
• Buyouts
• France
• Consumer
• France
• BPI France
• Credit Mutuel Equity (ex CM-CIC Investissement)