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  • 2018/02/20
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Crédit Agricole Normandie coordinates sale of France Thermes

Crédit Agricole Normandie, as lead bank for the bank pool and advisor to the CEO, provided support for the acquisition of France Thermes by management company GIMV. France Thermes, a long-term customer of the Regional Bank, owns the spa resorts at Bagnoles de l’Orne (Normandy) and Châtel-Guyon (Auvergne). A part of the consolidation of France's spa market, this LBO*, coordinated by the Business Investment Bank provides it with backing from one of Europe's top health market financial players.

*Leveraged buy-out

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