PPF and Bénéteau’s Acquisition of a Majority Stake in Dream Yacht

White & Case and Linklaters advised Dream Yacht on the deal. Cleary Gottlieb Steen & Hamilton LLP advised Bénéteau and Viguié Schmidt & Associés advised PPF. FTPA advised NextStage.

Czech fund PPF and Groupe Bénéteau completed the acquisition of a majority stake in Dream Yacht Group, the world’s second largest yacht charter company.

The Dream Yacht and Navigare Yachting operators will be bundled into a joint venture, the aim of which is to create a digitally-driven global leader in sailboat charter tourism, that is 59 percent owned by PPF with the remaining shares held by Groupe Bénéteau.

The transaction will be finalized by PPF and Groupe Bénéteau subscribing to a capital increase that will enable them to hold 87% of Dream Yacht Group. Its founder, Loïc Bonnet, will remain a minority shareholder of the group.

The White & Case team in Paris which advised on the transaction was led by partner Saam Golshani and included counsel Julien Bensaid-Berset and associates Alice Léonard and Simon Martin-Gousset.

The Linklaters team included Aymar de Mauléon and Carole Nerguararian.

The Cleary Gottlieb Steen & Hamilton LLP team was led by Charles Masson.

The Viguié Schmidt & Associés team was led by Fabrice Veverka.

The FTPA team included Serge-Antoine Tcheckhoff, Edouard Fabre, François-Xavier Beauvisage.

Involved fees earner: Charles Masson – Cleary Gottlieb Steen & Hamilton; François-Xavier Beauvisage – FTPA; Edouard Fabre – FTPA; Serge-Antoine Tchekhoff – FTPA; Aymar de Mauléon – Linklaters; Carole Nerguararian – Linklaters; Fabrice Veverka – Viguié Schmidt & Associés; Julien Bensaid – White & Case; Saam Golshani – White & Case; Alice Leonard – White & Case; Simon Martin-Gousset – White & Case;

Law Firms: Cleary Gottlieb Steen & Hamilton; FTPA; Linklaters; Viguié Schmidt & Associés; White & Case;

Clients: Beneteau SA; Dream Yacht Charter; NextStage AM; PPF group;

Naoual Sadouqi

Author: Naoual Sadouqi