ADNEC Group, the international business and leisure tourism group, has acquired Karavel, the French tourism group, from Equistone Partners Europe, one of Europe’s leading mid-market private equity investors.
Karavel is one of the largest tourism groups in France, offering travel packages to Europe, the Middle East and Africa through its online and offline distribution network.
This acquisition reflects the active deployment of ADNEC Group’s strategy to geographically diversify its core sectors. It will strengthen the group’s international expansion while enhancing Karavel’s growth and expansion into new markets and provide access to ADNEC Group’s portfolio of assets and expertise in the tourism sector. This strategic move will also support the tourism vision of Abu Dhabi to promote the emirate as a global destination for cultural, leisure, and business tourism.
Karavel will join ADNEC Group’s established tourism portfolio which includes Tourism365 and its…
