Marignan Partners has advised the Dassin Group, a leading player in the budget hotel sector, on its €5M fundraising from Caisse d'Epargne Ile-de-France Mezzanine.
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Founded in 2009 by David Dassin, the Dassin Group is a leading multi-franchise player in the hotel industry in France. With a portfolio of 64 assets, the Group benefits from a strategic position in the budget and super-budget hotel segment.
Highly active in recent years in the 1 to 3-star hotel segment, with more than twenty transactions completed since 2021, the Dassin Group aims to continue its development while maintaining its recipe for success: identifying underperforming assets, transforming and repositioning them to realise their full potential.
The Group controls the entire value chain and leverages its experience, know-how, and network to ensure the smooth running of each of its establishments. This model meets the demand of travellers seeking quality hotel experiences, offering a wide range of services at affordable prices.
"The partnership with 123 Investment Managers has been a strategic lever in the growth of the Dassin Group in recent years. Thanks to their financial support and expertise, we have been able to carry out several acquisitions. We are grateful for this fruitful collaboration and delighted to have been able to honour our commitment to them by successfully completing this operation," said David Dassin, founder of the Dassin Group.
This funding round, subscribed by CEIDF Mezzanine, contributes to financing the exit of the investment fund 123 Investment Managers from a portfolio of the Dassin Group. "This collaboration with CEIDF Mezzanine marks the beginning of a solid and lasting partnership for us. This transaction paves the way for future joint opportunities, thus strengthening our ability to carry out our development strategy," adds David Dassin.
For this operation, the Marignan Partners team consisted of Jordan Jablonka and Benjamin Prévost for M&A and corporate law aspects, and Peter Pedrazzani for financing aspects.
Investors:
CEIDF Mezzanine - Anthony Tremblin
Seller:
123 IM, Pierre Dupuy Chaignaud, Edouard Delecourt
Fundraising/M&A Advisor:
NINE58 Advisors - David Boccara, Emmanuel Messas, Emile Vartanian
Company Legal Advisor:
Marignan Partners: Jordan Jablonka, Benjamin Prévost, Peter Pedrazzani
Investors' Legal Advisor:
Lamartine Conseil: Philippe Barouch, Périne Estephan
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