French equity firm NextStage and boatbuilder Fountaine Pajot have entered into negotiations with Dream Yacht Charter to acquire a majority stake in the charter firm. NextStage expects to invest more than €14m in Dream Yacht Charter.
A statement says that the change of ownership would allow Dream Yacht Charter to continue its growth. Founded in 2001, Dream Yacht Charter now has 850 boats in 47 charter bases around the world. The company was able to self-finance its growth through opening new locations and making acquisitions. It has seen annual growth between 15% and 20% over the past 10 years. In 2016, total revenues were about €90m.
"The current challenge facing the market is how to make leisure yachting accessible to all,” said Dream Yacht Charter founder Loïc Bonnet in the statement. “Dream Yacht Charter is ideally positioned to offer a broad catalogue of offers, serving experienced sailors and newcomers alike.”
NextStage’s investment director Julien Potier said the charter firm’s “vision is perfectly in line” with its investment strategy.
Nicolas Gardies, managing director of Fountaine Pajot, echoed Potier, saying the investment would be in line with its growth strategy. "It reinforces the position of our company in the world of chartering, where Dream Yacht Charter has a leading position, especially on the segment of the catamaran,” said Gardies. “This alliance will benefit from the remarkable dynamics of each of our two companies and the development of all possible complementarities.”
The statement says the acquisition is expected to close by October 2017.