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.

In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...


CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...


FINalternatives Trending

From the current issue of