Adaxtra et al. back Groupe Asia in MBO

The transaction sees Groupe Asia CEO Guillaume Linton and the Chantraine family retain stakes in the business. The change of capital structure was prompted by the fact that the founder of the business, Jean Paul Chantraine, passed away in September this year.

The travel sector has seen a soar in investments this year, including Equistone buying online travel agency Karavel-Promovacances; Ontario Teachers' Pension Plan acquiring a stake in mobile-home holiday rental company European Camping Group; and Certares, BPI France and Africinvest buying Marietton, a provider of tour and travel services.

Company
Groupe Asia, founded in 1985 and based in Paris, is a tour operator specialising in travel in Asia-Pacific and Middle Eastern countries. The business, which organises tailored travels for small groups of clients to around 38 destinations, expects to generate a €75m turnover this year.

People
Groupe Asia - Guillaume Linton (CEO).
Adaxtra Capital - Ludovic Sarrazin (investment director).
UI Gestion - Antoine Bertin (investment director).
NCI - Anne Cécile Guitton (managing partner).

Advisers
Vendor - Alerion (legal); Degroof Petercam (M&A).
Equity - Oderis (financial due diligence); Fidal (financial due diligence, legal); HPML (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• France
• Consumer
• France
• UI Gestion