Paris—Dentons advised Marietton Developpement, a travel and tourism company and owner of Havas Voyage, on its sale to a consortium of investors led by the Certares.

The American fund Certares thus obtained 49% of the capital and became the first shareholder of the group, ahead of the Abitbol family, founder of the company.

Bpifrance (French sovereign wealth fund) and Africinvest (Tunisian investment fund) also participated in the transaction as minority shareholders, providing institutional support to the Marietton group in both Europe and Africa.

Marietton Developpement, with more than €1.3 billion of turnover in 2017, will renew its capital with the exit of Siparex, Andera Partners and Calixte. Since 2008, the Group has successfully completed 14 integrated acquisitions, including Havas Voyages.

Partner Pascal Chadenet led the corporate aspects of the deal with support from Associate Alexis Carlevan. Associate Fabrice Korenbeusser covered all tax issues.

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