French group AccorHotels and Edmond de Rothschild have entered into negotiations to acquire French event company Potel & Chabot.
Edmond de Rothschild Investment Partners (acting on behalf of private equity fund FPCI WINCH Capital 3) and AccorHotels will respectively hold 51% and 40% of the share capital.
Potel & Chabot is made up of its luxury Potel & Chabot brand and Saint Clair le Traiteur, which operates in the premium sector. It has offices in the UK, Switzerland, Middle East, China and Brazil, among others.
The group mainly hosts B2B receptions for corporate and private clients; sporting, industrial and cultural events (such as the French Open at the Stade Roland Garros and the Biennale des Antiquaires); and manages venues including the Pavillon Seine, Pavillon Kléber, and Hôtel d'Evreux in Paris.
Franck Jeantet, chairman and chief executive of Potel & Chabot, said: "This new alliance with AccorHotels, a world leader in hospitality, its hotel infrastructures throughout the world and its digital concierge services will allow us to strengthen our leadership in the luxury sector and enhance the expertise of our talents, notably by sharing it through the creation of a ‘Potel & Chabot Academy'."
Sven Boinet, deputy chief executive of AccorHotels, added: "The partnership of AccorHotels with Potel & Chabot brings a complementary dimension and expertise to our F&B and event organisation strategy. Moreover, the combination of their knowledge with our leading positions in luxury hospitality, private rental and concierge services will provide our clients with unique services and expertise regarding tailor-made events."
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