14 September 2018
Deals | France | M&A | Real Estate
To support its strong development trend, Atream, a leading independent investment fund manager in the tourism property industry, has opened up its capital to NextStage, an investment company listed on Euronext Paris.
This partnership consists for NextStage in acquiring a majority stake in Atream, with Atream's founders retaining control of the company.
NextStage's investment enables Atream to boost its development strategy which aims to offer institutional players and private investors (through its offer of open ended funds) a wide variety of investment opportunities in the European hospitality sector.
Atream was established in 2008 by Pascal Savary and Grégory Soppelsa, and now manages over EUR 1.5 billion of assets, mostly in the tourism industry.
NextStage is a pioneering and leading growth capital company in France, licensed by the French Financial Markets regulator in 2002.
Gide advised Atream and its founders on the legal aspects of this operation with a team led by partners Hugues Moreau and Thomas Urlacher, and composed of associates Sophie Gillard, Charles-Douglas Fuz and Elsa Dufaut.
FTPA acted on tax aspects.
NextStage was assisted by a team of CMS Francis Lefebvre.