REYL Corporate Finance (REYL CF), the investment banking arm of REYL Intesa Sanpaolo, a Swiss banking group majority-owned by Fideuram – Intesa Sanpaolo Private Banking, acted as advisor to Les Etincelles group and its Altitude Resort Development (ARD) investment platform, in the setting-up of a partnership with European investment fund RoundShield Partners (RoundShield), to finance the acquisition of a series of assets in high-altitude resorts.
ARD is a platform active in the acquisition of high-end mountain real-estate assets such as chalets, residences and hotels, which are managed and operated by Les Etincelles. The group, headed by Guerlain Chicherit and Nicolas Chatillon, recently announced a historic operation in the mountain-hotel industry, in partnership with RoundShield, to develop the Les Etincelles collection.
This transaction has led to the formation of a new ARD-RoundShield vehicle called “Mousquetaire”, with approximately €400m investment capacity to build a portfolio of hotel assets in high-altitude ski resorts.
An initial series of acquisitions of hotel and residential assets has already been announced, including that of the Lodge & Spa Collection, thereby creating the first French hotel group in the high-end and luxury sector of high-altitude resorts.
REYL Corporate Finance advised Les Etincelles group on all aspects of the transaction, including the establishment of an innovative structure for the group, allowing it to boost investments while preserving its autonomy.