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Ardian to acquire minority stake in tech company for €3m

The French investment firm will purchase a minority stake in Ariane Systems to support its global expansion plans

Ardian, a Paris-headquartered investment firm, announced in a statement that it is taking a minority stake in technology solutions company Ariane Systems for €3 million (£2.14 million; $3.33 million).

Ariane Systems currently has about 2,500 installations of its self-check-in technology at hotels in more than 20 countries. This investment from Ardian would allow the Ariane Systems founders to regain a majority stake in the company and support its global expansion plans.

“We found in Ardian the partner that we were looking for to help us develop our offer and international positioning,” Ariane Systems managing director Laurent Cardot said. “We are looking to capitalise on underlying trends in the hospitality market, focusing on consumers' ever-changing demands, notably toward a focus on personalisation of offers, mobility and self-service.”

Ardian, founded in 1996, is majority-owned by its employees and manages about $50 billion in assets through 10 offices in Europe, North America and Asia.

Ariane Systems currently partners with the Louvre Hotels Group, Nordic Choice Hotels, Mövenpick, B&B Hotels, Campanile, and Scandic among others.

Lamartine Conseil's Fabien Mauvais counseled Ardian and KPMG's Antoine Bernabeu audited the transaction. Cyrille Decavele of Cleach provided legal counseling and Morgann Lesné and Edwina Bassil of Financère Cambon gave financial advising to Ariane Systems.