Credit Mutuel Equity (formerly CM-CIC Innovation or CM-CIC Investissement, aka Credit Mutuel Innovation), the France based private equity firm, has invested an undisclosed amount in somnOO, the Switzerland based company, that uniquely operates its hotels both under its own brands and through franchise agreements with well-known names like Best Western, Holiday Inn, and Novotel. As part of the transaction, somnOO’s management team is also taking a stake in the company. The new capital will be used to convert existing minority shareholdings into majority shareholdings and to make acquisitions.
- Target – Somnoo sa
- Buyer – Credit Mutuel equity
- Buyer – Management team
- Seller – Shareholders
