AccorHotels in talks to acquire Potel & Chabot stake

AccorHotels in talks to acquire Potel & Chabot stake

Edmond de Rothschild Investment Partners and AccorHotels have entered into exclusive negotiations with the shareholders of Potel & Chabot to acquire the group’s entire share capital.

By investing in the brand, Edmond de Rothschild and AccorHotels will respectively hold 51 per cent and 40 per cent of the share capital.

Founded in 1820, Potel & Chabot Group, which generates revenues in excess of €100 million a year, has unparalleled expertise in the organization of tailor-made prestigious reception events.

Through its two brands, over the years the group has become the industry standard in both the luxury (Potel & Chabot) and premium (Saint Clair le Traiteur) segments.

Its range covers three major, mainly business-to-business, activities: receptions for corporate and private clients, major sporting, industrial and cultural events (such as the French Open at Roland Garros, the Biennale des Antiquaires, 24 Hours of Le Mans and the Saut Hermès), as well as the exclusive management of unique venues within the heart of Paris.

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Venues under management include Pavillon Vendôme, Pavillon Seine, Pavillon Kléber, Pavillon Gabriel, Hôtel d’Evreux, Pavillon Cambon Capucines and Pavillon Dauphine.

In addition to the resources provided by its two new investors, Potel & Chabot Group will also be able to leverage the business expertise of AccorHotels in order to jointly develop innovative and sophisticated food and beverage offers for MICE guests (either in hotels or private rentals) as well as for a local clientele, by making use of personalised concierge services.

Franck Jeantet, chairman, Potel & Chabot, said: “We are delighted that two major, highly experienced leading investors are taking a stake in our group’s share capital.

“It will enable us to support our growth in the luxury hospitality industry both in France and internationally.

“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.

“The shared passion of our teams for service, the commitment to excellence and the customer experience will, I firmly believe, be a real driving force in the development of many projects.

The proposed transaction is currently under specific review by the competition authority, and must be submitted for the consultation of employee representative bodies.