The Elior Group is formed by Francis Markus, Robert Zolade and 300 managers , who together acquire a majority stake in Générale de Restauration, an Accor Group subsidiary.
Elior purchases Accor's
remaining stake in Générale
Elior is listed on Euronext and is included in the SBF 250 index. Elior reports €1.8 billion in revenue and €153 million in EBITDA. Robert Zolade owns 14,5% of Elior's capital through his personal holdings.
A takeover bid is launched for Elior, with Robert Zolade teaming up with two partner private equity funds with a view to taking the company private. Elior delists its shares at the end of the year and reports €3 billion in revenue and €256 million in EBITDA.
Robert Zolade transfers his 25% interest in Elior to Bagatelle Investissement et Management (subsequently renamed BIM). BIM has the financial resources required to begin diversifying its portfolio.
BIM creates the private equity holding company Octant Partenaires, giving it €100 million in equity to start up a business of diversified investments in entities within the services and leisure sectors.
The Group purchases its first medical laboratories in the PACA region of France and sets up JS Bio in partnership with Dr. José Sampol, with a view to JS Bio rapidly becoming a regional leader in its industry.
Novetude Santé acquires its first healthcare educational establishment.
Compagnie Hôtelière de Bagatelle acquires its first hotel - le Platine Hôtel - located in the Beaugrenelle quarter in Paris within a stone's throw of the Eiffel Tower.
Compagnie de Bel-Air acquires its first campsite - la Grande Métairie - in Carnac, Brittany.
JS Bio is sold to the Cerba group, creating France's leading operator in the walk-in and specialist medical laboratory sector.
Elior is listed on Euronext. BIM remains a leading shareholder in Elior, with 20.1% of the company's shares and voting rights. Elior reports €5.3 billion in revenue and €447 million in EBITDA.
Octant Partneraires is merged into BIM, giving BIM a wide portfolio of businesses whose development it now directly oversees.
BIM increases its stake in Elior to 24% and carries out a €200 million issue of bonds exchangeable for Elior shares.
Compagnie de Bel-Air acquires the Ami Ami campsite, adjoining the La Pinède site in La Palmyre in the Charente-Maritime region.
Bim raises its interest in Elior Group five-year structured loan (with pre-paid collars).
Novetude Santé acquires the International Center of Osteopathy in Saint-Etienne.
Compagnie Hôtelière de Bagatelle inaugurates its first five-star hotel in the heart of Paris – the Roch Hôtel & Spa.
Compagnie de Bel Air acquires the Dunes campsite in Torreilles, in the Eastern Pyrenees region of France and restructures its financing with a five-year syndicated loan of €75 million.
Bim acquires a further 2.18% of Elior Group’s shares, raising its total interest to 27.31%.
Bim carries out an €85 million Euro PP in two tranches , maturing in 2023 and 2024 respectively.
Novetude Santé acquires Centre Epsilon – a well-known private college in Paris that offers preparatory training for the “PACES” competitive exam for medical and para-medical studies.
The Roch Hôtel & Spa is a commercial success and receives excellent reviews in its first full year of operation.
Compagnie de Bel Air becomes AMAC and acquires two new sites: Soleil Plage in the Dordogne region and Les Chardons Bleus in the Charente-Maritime.