AccorHotels and the FCDE (Fonds de Consolidation
et de Développement des Entreprises) have confirmed that they are
in exclusive talks about acquiring 100% of the latter’s minority
interest in Groupe Noctis.
Laurent de Gourcuff, Groupe
Noctis’ Chairman, CEO and majority shareholder, established the
company in 2008 and has since grown it into a key player in the
hospitality market covering three segments, namely events,
catering and entertainment.
Groupe Noctis has almost 800 employees and a
collection of exclusive venues in Paris, wider France and abroad.
It treats its French and international customers to a choice of
upscale and emblematic venues (Monsieur Bleu, Loulou, Pavillons
des Etangs, YOYO, Château de Longchamp, Raspoutine, Castel, etc.),
and organizes over 3,000 events a year.
The FCDE invested
€11 million in Noctis over 2013 and 2014, to help it roll out its
strategically important events business, in particular through
acquisitions, enabling it to grow into one of the key groups in
its market and build one of the most remarkable asset portfolios
in Paris. Over the past four years, it has grown revenues by 250%.
It has signed agreements to open about 10 new venues
including Restaurant Girafe (Cité de l’Architecture et du
Patrimoine, Paris 16), Electric (Porte de Versailles, Paris 16), Compagnie 1837 (Saint Lazare train station, Paris 9), the rooftop
restaurant at 52 Champs-Elysées (Paris 8). These projects will
cement the group’s position in the hospitality market and rank it
among the leading entertainment companies in Paris.
investing in a top-tier Paris-based events, catering and
entertainment specialist, AccorHotels is cementing its position
in the City of Lights, a prominent destination for international
and local customers seeking original and exclusive venues.
The operation under consideration
will be submitted to employee representatives for consultation.
Laurent de Gourcuff, Groupe Noctis Chairman, CEO and
founder, said, “The fact that the FCDE invested in our equity encouraged
our business and financial partners, helped us transform our
governance, added a more professional edge to our group’s
management and opened the door to bank financing. The FCDE has
been a very valuable partner for an entrepreneur such as myself,
and has played a pivotal role in our development strategy’s
success. Now we’re starting a new, decisive chapter in our
story, with AccorHotels’ investment in our equity. It’s the best
partner to team up with to push ahead with our bold development
plans, and we’ll be able to share a leading group’s expertise in
serving upscale customers and extract synergies with their various
business lines. We are very proud to be associated with
AccorHotels, which, under the leadership of its President and CEO Sébastien Bazin, is pursuing a bold, demanding and ambitious
Sébastien Bazin, Chairman and CEO, AccorHotels,
said, “We’re very
excited about teaming up with Groupe Noctis, which has come to rank among the leaders in a fiercely competitive environment in
only a few years. It’s more than an enviable address book: Laurent de Gourcuff and his teams have built a portfolio of distinctive
venues with strong characters that are promoting Paris on the international scene. This alliance blends naturally into our plans
to transform and boost AccorHotels with a view to catering to increasingly discerning customers’ wants and needs beyond the
travel universe. Its expertise and ours complement each other, and
pooling our assets will put us in a position to tap into growth
opportunities and synergies in France and beyond.”
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