The parties did not disclose the financial terms of the deal, but the FT said the deal was understood to be “in the low millions of euros.”
Hong Kong-listed Fosun said it is buying the stake via one of its private equity funds.
A week ago AltAssets reported that Fosun was halfway to its $1bn for its latest private equity fund, having raised $525.2m.
Earlier in 2013 it was reported that Fosun was anticipating a $300m interim closing in June.
One of the LPs is reported as being US insurance giant Prudential Financial, which previously partnered with Fosun for a $600m fund in 2011.
In June this year Club Mediterranee’s board accepted a sweetened bid of €17.50 per share from Fosun and private equity firm AXA.
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