The shareholders of NG Travel and Siparex have signed a memorandum of understanding to refocus the group's capital around its co-founder, Olivier Kervella, and the management team.

As part of this MBO operation, Siparex, via the Siparex ETI 4 fund, takes a significant minority stake alongside the executives.

With nearly 200 employees and €230 million turnover - a 25% increase on 2017 - NG Travel is one of France's leading tour operators. Highly digitized, the group has also structured a range of travel clubs under the Kappa Club, Club Coralia and Nosylis Collection brands, which are particularly open to meetings with local populations.

The operation is part of a dynamic strategy to develop the group’s brands, the assertion of the concept of clubs and the extension of the catalog which already includes nearly 50 clubs. The group has already rolled out its offer outside France, marketing Kappa Club in Italy.

Olivier Kervella, Founding President of NG Travel, says: "Siparex has fully understood our values, our know-how, as well as the specificity of our brands and our Business Model. Their knowledge of the tourism sector will allow us to accelerate our development across the market for Clubs, Circuits and tailor-made travel."

Olivier Golder, Associate Director of the Siparex Group, adds: "Olivier Kervella and his team have developed a high-performance, flexible, asset-based tour operator model, combined with an innovative technological tool. The growth momentum of NG Travel is very strong and we particularly share the ambition associated with the Kappa Club concept, which offers its customers a unique travel experience focused on meeting local people and culture."