As part of the internationalization of its activities, the Voyageurs du Monde Group, the French leader in tailor-made travel (Voyageurs du Monde and Comptoir des Voyages) and adventure travel (Terres d’Aventure, Allibert Trekking and Nomade Aventure), has announced the signing of an investment agreement between the founders, the funds Certares and Nov Tourisme, which are acquiring a stake in the company, the historical investors (Crédit Mutuel Equity, Bpifrance, Montefiore Investment and BNP Paribas Développement), the company and its controlling shareholder, Avantage, for the following transactions:
- Certare’s entry into the capital of Avantage by subscribing to a convertible bond issue accompanied by Crédit Mutuel Equity and Bpifrance for a total amount of €40 million.
- First convertible bond issue by Voyageurs du Monde reserved for Certares, Crédit Mutuel Equity and Bpifrance for an amount of € 75 million.
- Second convertible bond issue by Voyageurs du Monde with preferential subscription rights, in June 2021, for an amount of approximately €55 million, with Avantage committing to subscribe to the €40 million invested by Certares, Crédit Mutuel Equity and Bpifrance in Avantage.
Solferino Associés (Bernard-Olivier Becker, Fouad Bellaaroussi & Marie Estelle Colin) advised Bpifrance on this transaction.
Crédit Mutuel Equity SCR was advised by Allen & Overy, Certares by Dechert LLP (legal aspects) and EY (tax structuring and due diligence). Voyageurs du Monde was advised by Chammas&Marcheteau.