Transactions


Seller Atream
Target Atream
Deal Type Mergers & Acquisitions
Buyer NextStage
Territory
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
Atream is an independent management company specialising in the creation and management of real estate funds, founded by Pascal Savary and Grégory Soppelsa in 2008.
Atream, a leader in European tourism real estate, manages or advises more than €1.5 billion in assets under management (as of 31/12/2017) through institutional club-deals and open-ended funds such as the SCPI Atream Hotels. Atream develops tailor-made solutions for institutional investors (banks, pension funds, mutual insurance companies, insurance companies) and for private clients.
As an AIFM-approved portfolio management company, Atream has all the necessary approvals for the management of regulated investment vehicles (OPCI, SCPI) and other FIAs (alternative investment funds)

www.atream.com

About NextStage
NextStage is a platform specialising in long-term investment in medium-sized growth and innovative companies, created in March 2015 and listed on Euronext Paris (compartment B) since December 2016. It offers access to an unlisted and not very accessible asset class, which is a source of growth, job creation and performance. Its investments are made in equity with little or no leverage, with no time limit, in order to finance the growth of ETMs and their ability to innovate in their core business, alongside visionary entrepreneurs. NextStage relies on the expertise and strength of the management company NextStage AM created in 2002. NextStage benefits from the tax regime of SCR. Its capital is held by leading shareholders such as Temaris, Téthys, AXA, Ardian, Amundi… NextStage is building an innovative and ambitious approach with the objective of accelerating the growth of champion MSEs around the four cross-cutting trends arising from the 3rd industrial revolution: the economy linked to the value of our emotions and the quality of the customer experience, the on-demand and sharing economy, the industrial internet and positive growth (or green growth)

NextStage is listed on the regulated market of Euronext Paris Compartment B (ISIN: FR0012789386, Mnemonic: NEXTS). www.nextstage.com/sca
NextStage AM team: Nicolas de Saint Etienne, Jean-David Haas, Aloys de Fontaines, Arthur Vigneras

“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

ICFG France advised Atream shareholders for the sale of an equity stake to NextStage

Transaction Details

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.