Investindustrial books itsholidays with Valtur. Ticket price is 100 mln euros

Investindustrial books itsholidays with Valtur. Ticket price is 100 mln euros
After having lost the battle for Club Med at the end of 2014 (see here a previous post by BeBeez) Andrea Bonomi striked a very good deal in the resort operators sector buying Valtur, Or better. He striked three deals at once with its Investindustrial fund (download here the press release) which will ask him to pay 100 million euros in cash now and other 100 million euros in the next future to finance business devolpment,  MF-Milano Finanza writes today. First of all Investindustrial announced the acquisition of  Valtur (about 100 million euros in revenues in 2015) from Sofia srl, a holding company owned by the Ljuljdjraj family, which is retaining a minority stake in the business. As a second step the fund signed an agreement with Italy's property company Prelios to buy three resorts which are already managed by Valtur (in Ostuni, Pila and Marilleva). Finally Mr. Bonomi signed an agreement with Antirion sgr owner of the luxury holiday complex  Tanka Village in Sardinia (about 20 million euros in revenues in 2015), for managing the complex. A deal that was chased also by Club Med  (today controlled by Chinese conglomerate Fosun) and Italy's tour operator Alpitour (owned by Wise and J.Hirsch Italian private equity funds and itself in the sights of Fosun and other big European tour operators). Tanka Village is one out of seven real estate properties formerly operated by  Atahotels (UnipolSai), then bought by pension fund Enpam and finally sold to An[...]

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