AltAssets private equity deal roundup – December 5, 2023

Equistone Partners Europe has sold French tourism group Karavel to ADNEC Group, a leading international business and leisure tourism operator. The deal marks Equistone’s fifth exit of the year, which are expected to generate proceeds of €1.9bn. The firm bought Karavel in 2018, and said the company had recorded “considerable growth” since. Tech and media-focused …