Clearwater International advises Homair Vacances shareholders on sale to The Carlyle Group

Clearwater International has advised Homair Vacances shareholders on the sale to The Carlyle Group.

Montefiore Investment, a leading private equity firm specialising in French SMEs and operating in locally supplied services, is proud of the acquisition project of Eurocamp group by one of its portfolio companies, Homair Vacances. With Montefiore Investment active support, Homair Vacances has grown in a few years from a family company, led by its founder Daniel Guez, to a pan-European outdoor accommodation and holiday group, which has increased revenues from €17m to €180m on a proforma basis. Following this acquisition project, Homair Vacances announced it has entered into exclusive discussions with The Carlyle Group for a stake in Homair Vacances. If the project succeeds, a fund managed by Montefiore Investment intends to reinvest substantially alongside The Carlyle Group, with whom it has already partnered in B&B hotels, to develop the new group into a key international player.

Founded in 2005, Montefiore Investment is an independent investment company specialising in “locally supplied services” in France. The firm supports companies in their growth strategies by providing industrial and financial know-how to bring development operations to a successful conclusion. Based in Paris and managed by three partners, Eric Bismuth, Daniel Elalouf and Jean-Marc Espalioux, Montefiore Investment currently oversees a portfolio with a value of around €500m. Its investments include B&B Hôtels, Homair Vacances, Auto Escape, Demos and BVA.

The Carlyle Group is a global alternative asset manager with approximately $99billion of assets under management across 120 funds and 133 fund of funds vehicles as of March 31, 2014. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments; Corporate Private Equity, Real Assets, Global Market Strategies and Solutions in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries including aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,600 people in 38 offices across six continents.

The Clearwater International team was led by Laurent Camilli and Thomas Gaucher.