NG Travel changes its shareholding to accelerate its development

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Olivier Kervella, manager of NG Travel, and his management team have chosen Andera Acto (Andera Partners’ mezzanine sponsorless strategy) to support the Group in the next stages of its development. Siparex ETI sells all of its shares during this new capital operation.

Founded in 2008, the NG Travel group is now one of the top 5 French tour operators

This performance is due to a unique strategic vision based on a wide offer of holiday clubs, a committed ESG approach, an extremely efficient technological tool, as well as a differentiating economic model based on BtoB/BtoC multi-channel distribution. (Promoséjours, Directours and Jet tours brands).

NG Travel thus offers an offer of more than 100 clubs

They are segmented around three recognized brands with distinctive characteristics (Kappa Club, Club Coralia and Club Eldorador), and opened its first hotel in Bali at the end of 2022 under the Kappa Senses brand. With a team of nearly 200 employees, the group has posted higher growth than its peers since its creation, a 2022 turnover of more than 400 million euros and a presence on the Italian market under the brand Kappa Viaggi.

The group had been supported since 2018 by Siparex ETI

He returned on the occasion of a first LBO aimed at pursuing the development strategy of the Group’s distribution brands, the affirmation of its club concepts and its development in Italy. The Group has since outperformed its business plan, despite the restrictions linked to the pandemic, with a turnover twice as high as in 2017 and an expanded brand portfolio.

On the occasion of the exit of Siparex, the management opted for the sponsorless solution of Andera Acto

This transaction strengthens its position as majority shareholder. Andera Partners, accompanied by Trocadero Capital Partners, is investing around €60 million, while Zencap, already financing the unitranche operation in 2018, will continue to support the management of NG Travel. Management will rely on this new partnership to strengthen its market share in France and Italy as well as to accelerate the development of its Kappa Senses hotels abroad.

Olivier Kervella

About this step, Olivier Kervella says:

“After having been able to accelerate our development on the French market over the past 4 years thanks to the means given to us by the Siparex teams, we are delighted to be able to write a new page in the history of NG Travel alongside Andera Acto. Their very good knowledge of the Tourism Industry and their entrepreneurial culture should help us to achieve the ambitious objectives that we have set ourselves as part of our new Roadmap, and to become one of the reference Tour Operators in France. and in Southern Europe, while developing our own Hotel Chain. »

Stephane Bergez

Stéphane Bergez, Partner at Andera Acto adds :

“We are particularly happy to support Olivier Kervella and his team, which we have been following for several years. Drawing on our experience in the sector, we recognize that NG Travel and its team have many distinctive assets that make it an outstanding leader in its industry. We are delighted to have been chosen to support this resilient and winning team in this new stage of its development. »

Antoine Fustier, Siparex ETI Director and Guillaume Rebaudet, Siparex ETI Partner, declare:

“The NG Travel group has, since our entry into the capital, achieved an exceptional course, demonstrating the agility of its business model and its ability to constantly develop its offer. The team led by Olivier has a very strong entrepreneurial culture and has been able, thanks to great business expertise, to invent a differentiating model in the tourism sector. We are very proud to have supported them over the past few years. »

Catherine Mills Avatar