P.E. Firm Eyes Club Med

May 27 2014 | 10:50am ET

Private-equity fund Industrialfund may want some fun in the sun.

The vehicle, led by former Italian banker Andrea Bonomi, is set to decide whether to make a rival offer for resort company Club Méditerranée after poring over its books for more than a month. Fellow p.e. firm Ardian and China’s Fosun International last year announced plans to buy the 80% of Club Med they don’t already own and to take the company private.

Bonomi’s Strategic Holdings, which owns 11% of Club Med, said it might join in Industrialfund’s potential tend offer. The fund said it has the support of Club Med’s board, which is also backing the Ardian-Fosun deal.

That offer values Club Med at €558 million.

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