M&A Deal Summary

ADNEC Group Acquires Karavel

On December 5, 2023, ADNEC Group acquired consumer services company Karavel from Equistone

Acquisition Highlights
  • This is ADNEC Group’s 1st transaction in the Consumer Services sector.
  • This is ADNEC Group’s 1st transaction in France.

M&A Deal Summary
Date 2023-12-05
Target Karavel
Sector Consumer Services
Buyer(s) ADNEC Group
Sellers(s) Equistone
Deal Type Add-on Acquisition

Target

Karavel

Paris, France
Karavel operates as a tour operator and an online travel agency, offering a full range of services including airline tickets, hotel rooms, cruises, and package holidays through multiple online channels which receive over seven million unique visitors each month. Karavel is based in Paris, France.

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Buyer(S) 1

Buyer

ADNEC Group

Abu Dhabi, United Arab Emirates
Category Company
Founded 2005
Sector Diversified
DESCRIPTION

ADNEC Group comprises of seven clusters venues, media, hotels, F&B, services, tourism, and events. ADNEC Group was founded in 2005 and is based in Abu Dhabi, United Arab Emirates.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (France) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, England.

DEAL STATS #
Overall 189 of 194
Sector (Consumer Services) 6 of 6
Type (Add-on Acquisition) 64 of 68
Country (France) 59 of 61
Year (2023) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-05 Dugas

Paris, France

Dugas is a French wholesale distributor of premium spirits. Dugas offers one of the widest ranges of exclusive and premium brand name spirits in France and specializes in the fast-growing rum and whisky segments. The business sources its products directly from distilleries around the world, and actively supports them with branding, product and trade marketing, education and distribution services. Dugas was founded in 1980 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-22 CH&CO

Reading, United Kingdom

CH&CO provides contract and hospitality catering services to a broad range of sectors including workplaces, venues, tourist destinations, independent and State schools, further education, healthcare, and events. CH&CO was founded in 1991 and is based in Reading, United Kingdom.

Sell £475M
Mergr

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