The Global Mid-Market Specialist
PARIS – Alantra has advised LFPI Group, a French private equity group, on the reorganization of the share capital of its portfolio company, Timhotel.
Founded in 1982, Timhotel is a group of eighteen 3- and 4- star hotels operating more than 1,000 rooms. All of its hotels, which are located in Paris and Boulogne, enjoy strategic locations close to train stations and popular tourist sites.
In December 2018, IDIA Capital Investissement and SOCADIF Capital Investissement, two investment companies of the Crédit Agricole banking group, acquired a minority stake in Timhotel. LFPI Group acquired Timhotel in 2003 and remains the majority investor. LFPI Group is one of the premier independent European multi-strategy alternative asset managers with more than €3bn of assets under management.
The transaction allows Timhotel to embark on its next phase of development with the support of long-term investors. Timhotel’s growth initiative will look to optimize its existing portfolio, as well as seek targeted acquisitions.
For Alantra, this transaction marks another step in strengthening its expertise in the real estate sector and represents its 4th transaction with LFPI Group in the last 2 years.
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