ICFG France advised Atream shareholders for the sale of an equity stake to NextStage
Seller | Atream |
Target | Atream |
Deal Type | Mergers & Acquisitions |
Buyer | NextStage |
Territory | France |
Transaction Description | Created 10 years ago under the impetus of its founding managers Pascal Savary and Grégory Soppelsa, Atream now manages more than €1.5 billion of assets, mainly in the tourism real estate sector. From the outset, Atream chose to specialise in this segment of the tourism industry and to structure a dedicated team of experienced investors, offering unique expertise to large institutional investors in the context of long-term partnerships. Building on the success of its institutional offer, in 2015 Atream opened up to the general public to allow retail investors to benefit from the opportunities offered by tourism real estate, one of the most buoyant segments of the real estate market (10% of overall real estate investment in Europe). Atream has been a pioneer with the launch of open-ended funds such as the Atream Hotels SCPI launched in 2016 or a dedicated SCPI in the form of a unit of account eligible for the life insurance policies of a major mutual insurance group. Capitalising on Europe’s attractiveness in global tourism (50% market share) but also on the support of major tourism groups in the structural changes of their industry and in particular the strategy of deconsolidation of their assets, Atream has successfully completed major operations over the past 10 years with leading players such as the Accor Hotels group in the hotel sector, or Pierre & Vacances – Center Parcs in holiday villages and tourist residences. With NextStage’s investment, Atream’s management team intends to continue to strengthen its teams in order to offer its institutional partners and individual investors (via its range of open-ended funds) the numerous investment opportunities identified thanks to its recognised expertise in the European tourism segment. About Atream www.atream.com About NextStage NextStage is listed on the regulated market of Euronext Paris Compartment B (ISIN: FR0012789386, Mnemonic: NEXTS). www.nextstage.com/sca “We are very pleased to welcome NextStage by our side in this new phase of development because, beyond a common ambition to build a major player in the management of tourism real estate assets, we share entrepreneurial values in the way we support our investment projects as well as a long-term approach to support,” explains Pascal Savary, Chairman and founder of Atream. For Nicolas de Saint Etienne, Partner at NextStage AM: “Atream has achieved an impressive track record since its creation, having succeeded in building a virtuous ecosystem around long-term institutional investors and major players in the hotel and tourism industry. We are delighted to be able to support Atream in deploying its industrial vision of the transformation of the hotel market, which has enabled it to become a key player in its market. |
Industry Sector | |
ICFG Office | Paris |
ICFG France advised Atream shareholders for the sale of an equity stake to NextStage
ICFG France advised NextStage on taking a majority equity stake alongside its founders, who retain control, in Atream, a leading independent fund manager in the tourism real estate sector for institutional and individual clients.