Bain Capital acquires stake in French boutique hotel group

Global investor Bain Capital has invested in Les Hôtels de Paris, a French company that owns and operates boutique hotels as part of the Machefert Group. 

Paris

This move signifies Bain Capital's continued expansion in the European hospitality market.
Les Hôtels de Paris, which was advised by Wingate Investment Bank, possesses a portfolio of 18 premium hotels—17 in central Paris and one in St. Tropez. 
The Machefert Group, established in 1992, is an independent, family-owned business active in hospitality and catering. It operates 16 hotels, numerous restaurants and bars, and a private beach across locations like Paris, Saint-Tropez, and Marrakech, employing over 300 staff to provide unique guest experiences.
Bain Capital plans to utilize its expertise and resources to enhance operations and create value across the Les Hôtels de Paris portfolio.
Rafael Coste Campos, a partner at Bain Capital, commented: “This investment is a natural extension of our hospitality strategy, reflecting our strong conviction in the enduring fundamentals of the European market and our ability to foster operational improvements and sustainable growth. We look forward to partnering with the talented Les Hôtels de Paris team.”
Kevin Machefert, CEO at Les Hôtels de Paris, stated: “Partnering with Bain Capital marks an exciting new chapter for Les Hôtels de Paris. With their support and expertise, we are optimistic about the future and confident in our ability to accelerate growth, reinforce our position in the French hospitality market, and become the leading independent experiential and boutique hospitality player in the region.”
Stephane Cohen, Founding Partner at Wingate, added: “At Wingate Investment Bank, we are proud to have structured this transaction and introduced Bain Capital as a partner to Les Hôtels de Paris, putting the group back on solid ground. This alliance restores Les Hôtels de Paris’ strength in the French hospitality market and opens the way for both organic growth and strategic expansion.”
Bain Capital was advised by White & Case, PwC, HPM, and CBRE.