Transaction

Clearwater advises CDS Groupe and IDI on raising finance to support the acquisition of Corporate Rates Club

Transaction

CDS Groupe and IDI raised debt finance to support the acquisition of Corporate Rates Club

Acquisition finance

Undisclosed

Role

Adviser of CDS Groupe and IDI on raising finance to support the acquisition of Corporate Rates Club

Sector

Business Services
Tech & Tech Services

Region

France

Clearwater conseille CDS Groupe, leader français indépendant spécialisé en hôtellerie d’affaires, ainsi que son actionnaire minoritaire l’IDI, acteur français de référence du capital investissement depuis 50 ans, dans la levée du financement d’acquisition de Corporate Rates Club. Cette opération permet à CDS Groupe de prendre une participation majoritaire au capital de Corporate Rates Club, aux côtés de Michael Krenz, fondateur historique et actuel CEO.

Fondée il y a plus de vingt ans à Straslund (Allemagne), Corporate Rates Club est une société pionnière dans l’optimisation des processus liés aux services hôteliers, de la réservation au paiement en passant par l’émission et le contrôle de la facturation. La société permet à ses clients d’accéder via son portail de réservation à une large gamme d’hébergements à travers le monde.  

Cette acquisition stratégique, moins de 18 mois après celle de Goelett (ex Rydoo Travel), permet à CDS Groupe de pénétrer le marché allemand, un des principaux marchés du voyage d’affaires, et ainsi renforcer son positionnement de leader Européen de l’hôtellerie d’affaires, avec près de 300 collaborateurs répartis entre la France, l’Italie, la Pologne, l’Allemagne et la Croatie, pour un volume d’affaires qui devrait atteindre prochainement les 800 M€ par an.

A propos de CDS Groupe

Fondé en 2001 par Ziad Minkara, CEO, CDS Groupe est une plateforme de réservation hôtelière spécialisée dans les déplacements professionnels. Leader européen indépendant, le Groupe offre à ses clients corporate une gamme complète de solutions et de services liée à l’hôtellerie d’affaires.

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