La Compagnie des Alpes completed the acquisition of a 86.5% stake in Urban Group for €128m.

La Compagnie des Alpes, an ski resorts operator, completed the acquisition of a 86.5% stake in Urban Group, a company in 5-a-side soccer and in the game of padel, for €128m. "We would be delighted to welcome the teams that make up Urban Group to Compagnie des Alpes. This natural fit between two perfectly complementary players in the leisure industry would enable us to expand our offer to include a new sports-related business that is not weather dependent, that is practiced on a regular basis, that fosters strong community bonds, and that is deeply rooted in the regions. We are convinced of the robust growth potential of both 5-a-side soccer and padel. Compagnie des Alpes would be delighted to accelerate the future development of the Urban Group, which already leads France’s 5-a-side soccer market and co-leads the padel market, with its extremely high-quality offering, highly evolved digital dimension, and a CSR policy that is fully aligned with our own. Such a transaction would be accretive for Compagnie des Alpes and create value on multiple levels for all our shareholders and stakeholders,” Dominique Thillaud, Compagnie des Alpes CEO.