FRANCE - Siparex and FCPR lead EUR 6.5m Labellemontagne investment

The two investors collectively provided EUR 3.8m to the deal, with historical investors Avenir Entreprises and the Institut Lorrain de Participations providing the balance. The transaction sees the management retain a majority stake in the business.

Based in Francin, Savoy, Labellemontagne has been operating ski stations for the past 15 years and currently runs nine stations over five domains. The group has expanded to offer customers a comprehensive range of services, which are distributed via tour operators or through the firms internet site. The company employs some 1,000 staff during the ski season and reported a EUR 46m turnover during the 2008/09 fiscal year.

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• Topics
• Expansion
• France