FTPA advised Groupe Monplaisir on the acquisition of Club Med Les Boucaniers in Martinique, alongside Alderan and Banque des Territoires

June 6 2023

FTPA advised Groupe Monplaisir on the acquisition, alongside Alderan, via Vadora II, and Banque des Territoires, Groupe Caisse des Dépôts, of the Les Boucaniers resort in Sainte-Anne, Martinique operated by Club Med. This acquisition is coupled with a project to extend and renovate this emblematic holiday village, worth a total of €41 million.

The last major refurbishment of the resort dates back to 2005, and this new project represents a genuine renewal for Club Med Les Boucaniers. In collaboration with Alderan and Banque des Territoires, Groupe Caisse des Dépôts, a key player and supporter of this operation, Groupe Monplaisir will play an active part in the expansion and enhancement of this iconic site, in line with its vision of sustainable, environmentally-friendly development. This ambitious project, scheduled to take place in several phases between now and the end of 2024, will allow the site to continue to operate and will include the complete renovation of the rooms and sports facilities, as well as the overall extension of the site.

Supported by the French Minister for the Economy, Bruno Le Maire, this project is part of a drive towards ecological transition and aims to obtain BREEAM and Green Globe international eco-construction certifications for the village’s operations.

The investment will also help boost Martinique’s international appeal and create 80 direct and indirect jobs, as well as securing existing jobs. A strategic initiative, this operation is designed to revitalise one of Club Med’s flagship resorts in the French West Indies.

FTPA acted with a team comprising Antoine Tchekhoff, François-Xavier Beauvisage (partners), Julien Garanger and Lisa Demri (associates) for corporate matters, Sophie Jouniaux (partner) for tax aspects and Lise Damelet (partner) and Matthieu de Calbiac (associate) for competition law aspects.