Montefiore Investment, Ceres Industries Capital, and Compagnie Financière Jousset to acquire Karavel Groupe from Equistone for €400m.

Montefiore Investment, a private equity firm, Ceres Industries Capital, a private equity firm, and CFJ, an investment holding company, agreed to acquire Karavel Groupe, a tour operator and online travel agency from Equistone, a private equity firm, for €400m. "Karavel benefits from high-quality management, experienced teams committed to the Group’s success, a strong market position and numerous development opportunities. Ceres has built a shareholder base that combines CFJ’s entrepreneurial spirit and Montefiore’s tourism sector expertise to provide tailored, pragmatic operational and strategic support to Karavel,” Renaud Besançon, Ceres Industries Capital Chairman.