Ceres Industries Capital, CFJ (Compagnie Financière Jousset), and Montefiore Investment are in exclusive negotiations with Equistone Partners Europe regarding the acquisition of Karavel Groupe, one of the largest tourism groups in France.
The transaction will involve Karavel’s management team, led by Cyrille Fradin, President, and Folco Aloisi, CEO, retaining a significant stake in the business.
This investment aims to consolidate Karavel’s market position while supporting the Group’s sustained growth over time. The transaction remains subject to regulatory approval.
Launched in 2001, Karavel is an e-tourism travel agency that assists nearly one million customers annually.
Through its three brand platforms – FRAM, Promovacances, and ABcroisières – and a network of 170 physical agencies across the country, the Group offers discounted travel deals at 250 clubs and resorts, along with over 500 tour packages worldwide.
With circa 1,000 employees, Karavel now generates over €1bn in revenue annually.
