Paris —Dentons advised US  private equity firm KSL Capital Partners on the acquisition of French boutique hotel group Les Hôtels d'en Haut from London-based developer Perseus Group.

The transaction involves five boutique hotels in premier leisure markets across France: Hôtel Les Roches Rouges in Saint-Raphaël on the French Riviera, Val Thorens and Fitz Roy in Val Thorens, Les Trois Vallées in Courchevel 1850 and Alpaga, a 5-star mountain hamlet located in Megève.

This is the first significant acquisition of KSL Capital Partners in Europe, while Perseus Group is a developer, owner, operator and expert in the development of European hotels.

KSL Partners LLC is a private equity firm specializing in the travel and leisure industry in five main sectors: hotels, leisure, clubs, real estate and travel services.

KSL has offices in Denver, Colorado, Stamford, Connecticut and London. The fund has raised approximately $12 billion in capital, in both debt and equity funds. Its current portfolio includes some of the best properties in the travel and leisure sector.

Advisers to KSL Capital Partners: 

In mergers and acquisitions: Matthew Tinger and Olivier Genevois, Partners in London and Paris respectively, Cécile Bayle, of counsel, and Alexis Carlevan, associate in Paris, Vijan Ghedia and Chloe Gill, associates in London.
In real estate law: Pascal Schmitz, Partner, Lisa-Marie Arnold, associate.
In employment: Nathaly Blin, of counsel and Yoel Bendavid, associate.
In intellectual property: Sophie Mandel, associate.

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