Equistone in talks to buy majority of Karavel-Promovacances Group and FRAM Group
Equistone Partners Europe said March 5 it has entered exclusive negotiations to buy a majority stake in Karavel-Promovacances Group and FRAM Group. LBO France is the seller. Karavel-Promovacances Co-Founders Alain de Mendonça and Folco Aloisi, along with Cyrille Fradin (the group’s financial and risk director), and some additional FRAM and Karavel-Promovacances directors and employees, are also investing. Financial terms weren’t announced. Karavel-Promovacances is a leading online tourism group in France.
5 March 2018•2 mins read
