Compagnie Lebon Set to Sell Its Stake in Hotel Fauchon
On December 19, Compagnie Lebon announced the signing of a purchase agreement for the sale of its minority stake in Madeleine Premier, the operator of Hotel Fauchon in Paris, owned by its subsidiary Esprit de France.
Details of the Transaction
According to the press release, an unidentified buyer has signed a purchase agreement for all the shares of Madeleine Premier. This transaction includes the 49% stake held by Esprit de France, a subsidiary of Compagnie Lebon, since 2016. Madeleine Premier owns the business of Hotel Fauchon, located in the Madeleine district of Paris. The operation is subject to customary suspensive conditions, the group specified. Esprit de France has been involved in the operation of this business since the establishment opened in 2018.
Competitive Sale Process
According to the company, this purchase promise follows a period of exclusivity and a competitive process. The group reported receiving multiple offers during this divestiture procedure. Compagnie Lebon has not disclosed details about the transaction amount or the identity of the buyer. The group, listed on Euronext Growth and controlled by the Paluel-Marmont family, relies on two main business areas: operational businesses, including hospitality and thermalism, as well as a property activity, and investment businesses in real estate and private equity.
