Labellemontagne is a family business founded in the Vosges region in 1961. It has been led by Jean-Yves Remy since 1989, and has become one of France's leading independent companies in the development, management and improvement of medium-sized ski resorts.

The group has pioneered artificial snowmaking for almost 50 years, and is constantly looking for new innovations.

The Labellemontagne brand arose from the desire to bring together all of the group's businesses and to ensure a firm foundation for its growth plans in the management of skiing areas and related activities (accommodation, restaurants etc.). The brand guarantees a high level of quality and service for both customers and concession-granting authorities, along with an innovative approach to tourism that maintains the friendly spirit and landscape that make its resorts so charming.

Labellemontagne has genuine expertise in operating ski-lifts and skiing areas, and in managing public service concessions, and intends to capitalise on those skills by developing new activities in the tourism industry, while remaining true to its values and market position.

This latest funding round enabled the Remy family to maintain its majority ownership and welcome Crédit Mutuel Equity (formerly CM-CIC Investissement) as a major new minority financial investor, alongside Caisse d'Épargne Rhône-Alpes Entreprises, Rhône-Alpes PME Gestion and Institut Lorrain de Participation - all of which increased their stakes - as well as Bpifrance's France Investissement Tourisme fund. The Labellemontagne group also secured new financing from its long-standing banking partners.

"This transaction represents a major milestone for Labellemontagne, which is aiming to bolster its leading position in managing medium-sized ski resorts and to secure its brand's long-term future in the winter sports market. It was also an opportunity for the group to diversify into other segments of the leisure and local-authority service sectors. We are delighted to have been able to attract some major new investors to accompany us with these new projects", said Jean-Yves Remy, Chairman.

"We believe that this company is now ideally positioned to strengthen its market share, while remaining true to its market position and values, which are very appealing for our group. We are pleased to have the opportunity to support this excellent SME and the Remy family in the next phase of their growth", added Nam Metzger and Pierre Barbier from Crédit Mutuel Equity.

Investors

Crédit Mutuel Equity

Nam Metzger
Principal
nam.metzger@creditmutuel.fr
+33 (0)4 72 56 91 22

Pierre Barbier
Associate
pierre.barbier@creditmutuel.fr
+33 (0)4 72 56 93 40

Bertrand Ghez
Managing Director
bertrand.ghez@creditmutuel.fr

Rhône-Alpes PME Gestion

Cyril Fromager
Chairman of the Executive Board

Adrien Sirera
Principal

Bpifrance

Camille Samarut
Deputy Investment Manager

Joachim de Rocquigny du Fayel
Head of Investment Monitoring

Institut Lorrain de Participation

Philippe Dubosc
Principal

Banks

CIC - Lyonnaise de Banque (Cédric Lerebours)
Caisse d'Epargne Rhône Alpes (Francine Casanova)
Banque Populaire Auvergne Rhône-Alpes
(Florent Verneuil)

Labellemontagne Group

Jean-Yves Remy
CEO

Blandine Tridon
Deputy CEO

Michel Fouquet
Chief Financial Officer

Participants

Advisor to the shareholders of Labellemontagne Group

Lawyers: Fidal (Isabelle Jeannin, Stéphanie Moline)

Investor advisors

Lawyers: Duteil Avocats (David Merlet, Charlotte Bergeon)

Legal due diligence: Duteil Avocats (David Merlet, Charlotte Bergeon)

Tax due diligence: PwC Société d'Avocats (Sylvain Gagneux)

Workforce-related due diligence: PwC Société d'Avocats (Jérôme Cochet)

Financial due diligence: PwC Advisory (Philippe Chavane, Rodolphe Challand)

Press contact Crédit Mutuel Equity:

Résonancemedia - Véronique Richez-Lerouge
Mobile phone: +33 (0)6 14 63 90 00 - Phone: +33 (0)1 42 76 96 82
v.richez-lerouge@reso-media.com