2 December 2022
Deals | France | M&A
Gide has advised Le Collectionist, a vacation rental start-up for luxury properties, on its EUR 60-million funding round, led by Highland Europe.
The French start-up opens the doors to an exclusive collection of exceptional houses in mythical destinations, from the French Riviera to the Balearic Islands, via Portugal, Italy, the Alps, Saint Barthélemy, Cape Town and many others, all accompanied by concierge services worthy of the greatest hotels.
Other investors in this round of financing include OLMA, a specialist in experiential luxury, X Ange, an early investor, alongside Famille C (the Courtin-Clarins family's investment company), Swiss banks Pictet and Lombard Odier, Kostogri (Nicolas Béraud's investment company) and business angels Fabrice Grinda, Nathalie Le Roy and Xavier Romatet, with the support of Red River West, a long-standing investor in The Collectionist.
The Collectionist currently partners with over 1,800 properties in 30 destinations, including the French Riviera, South West France, the Balearic Islands, several destinations in Portugal, a wide range of Italy's most beautiful regions, the French, Swiss and Austrian Alps, as well as the Caribbean, Morocco, South Africa, Costa Rica and many more.
The company plans to recruit for more than 120 positions at its Paris head office and several locations around Europe to support these operations, as well as opening new offices in London and New York.
Gide’s team was composed of counsel Paul Jourdan-Nayrac and associates Julien Négroni and Joséphine Remoussenard, on M&A/corporate aspects, and partner Paul de France and associate Charles Ghuysen, on tax aspects.
Highland Europe was advised by Orrick Paris.