'Back in town, boss???'
Yeah. And he's got a new PR email for us!
'Yippee!'
I'm so pumped up! Let's do this!
Hello,
Please find attached the press release regarding the closing of major financial transaction in Port Adhoc, one of the private leaders of marinas in Europe, to support the company's growth and development.
'Er ... who's that, boss?'
Ha! Don't worry, Voice. It's only Estelle.
'Hello, Estelle!'
Vauban Infrastructure Partners ("Vauban") and NextStage AM ("NextStage") & AXA France (through their fund "Pépites & Territoires"), supported by Edmond de Rothschild Asset Management ("EDRAM") as Bond providers, are delighted to announce the closing of major operation (the "Operation") in Port Adhoc (the "Company").
Founded in 2004, Port Adhoc is a private company dedicated to the management and development of recreational marinas for boating. Port Adhoc's organic growth has been accelerated by successive acquisitions and successful public tenders. As of September 2022, Port Adhoc owns and/or operates 11 marinas with various ownership status in France and the Netherlands. The marinas are either in full assets and land ownership, long term leaseholds or concessions.
Fine.
'Where's Lucky?'
Here he is!
Come on, Lucky!
C2 Internal Natixis Press Release Paris October 7th 2022 NextStage AM & AXA France through their fund Pépites & Territoires Vauban Infrastructure Partners through its fund BTP Impact Local and Edmond de Rothschild Asset Management through its Infrastructure Debt platform BRIDGE announce the closing of a major financial transaction in Port Adhoc one of the private leaders of marinas in Europe to support the companys growth and development Vauban Infrastructure Partners "Vauban!!!" and NextStage AM NextStage & AXA France through their fund Pépites & Territoires supported by Edmond de Rothschild Asset Management EDRAM as Bond providers are delighted to announce the closing of major operation the Operation in Port Adhoc the Company Founded in 2004 Port Adhoc is a private company dedicated to the management and development of recreational marinas for boating Port Adhocs organic growth has been accelerated by successive acquisitions and successful public tenders as of September 2022 Port Adhoc owns and or operates 11 marinas with various ownership status in France and the Netherlands the marinas are either in full assets and land ownership long term leaseholds or concessions the Company operates 327 ha! of afloat area 16 ha! of ashore area and 22 500 m2 of commercial real estate it offers 10000 berths for leisure boats mainly afloat but also ashore and on dry stack over the last 10 years Port Adhoc has shown its capacity to successfully integrate its acquisitions and maintain high occupancy rate with a high renewal rate in marinas providing significant recurrence and visibility for future revenues the Company has also proven its resilience through the period and continued to develop at a strong pace through this transaction totalling 70m€ Port Adhoc redefines its financial structure in order to benefit of a long term asset based debt by refinancing former short and mid terms debts generating additional cash flow and improving financial profitability raise funds for future acquisitions reshape shareholder structure by buy out reinforcing the two leading shareholders this transaction strengthens NextStage and Vaubans commitments to the Company and positions them as the two leading shareholders of the Company along with the management Team Jean David Haas Managing Director at NextStage AM comments over the last 18 years Gilles Tersis and Stéphane Audoynaud have built an independent player with a disruptive vision and a strong reputation the group has experienced steady growth driven by market consolidation and the ramp up of operated assets we are pleased to reiterate our support for the development of Port Adhoc alongside our partner Vauban in order to create the first European marina management platform under the French flag Guillaume Faroux Principal BTP IL Partner at Vauban Infrastructure Partners comments we are delighted to strengthen our support to Port Adhoc side by side with our partners NextStage Port Adhoc has proven its resilience and its capacity to adapt innovate and grow its assets portfolio we are committed to support the Company and its management again in the deployment of innovative solutions to help clients and in the development of long term infrastructure and excellent services C2 Internal Natixis Audrey Colin West Managing Director EDRAMs infrastructure Debt Platform BRIDGE Benjamin de Rothschild Infrastructure Debt Generation explains this investment is an excellent addition to our infrastructure debt portfolio we are also delighted to be a long term financial partner to Port Adhoc and its shareholders by providing this financing we are also supporting the development and growth of the company which consolidates Port Adhocs position as a marina operator leader Gilles Tersis President and founder of Port Adhoc comments this successful transaction represents a turning point in Port Adhocs European development strategy it has been achieved thanks to the confidence of our faithful shareholders and a new successful partnership with Edmond de Rothschild Asset Management these new sources of financing will give the Company a competitive advantage to challenge the market the Company began to expand its marina portfolio in Europe by raising €30m in 2019 now we raised 70M€ in refinancing and pre financing allowing us to fund part of our acquisition pipeline our goal for the coming years is to raise 200 m€ and to continue our development as seen overseas in the USA since 2019 US Marinas have entered in a strong consolidation movement thanks to a new IRS fiscal law 2019 allowing marina assets to enter in REITs Patrick Cohen CEO of AXA France concludes as the leading insurer of companies investment in SMEs and ETIs is a priority to support job creation and the countrys industrial sovereignty as the French and European leader in the management of private ports Port Adhoc Group will benefit from this financing to develop its know how of excellence in this sector of the future about Pépites et Territoires Pépites & Territoires is an investment program labelled France Relance with a target size of €500m launched by Patrick Cohen CEO of AXA France in partnership with NextStage AM which aims to strengthen the capital of innovative French SMEs located in French territories and to support entrepreneurs in the future stages of development of their company about NextStage AM NextStage AM is an independent asset management company based in Paris and approved by the AMF in 2002 from the outset NextStage AM has cultivated an entrepreneur investor philosophy as a pioneer and leader of innovative and patient development capital in France NextStage AM has taken a stepwise approach building up a multi strategy private equity platform representing total AuM of close to €7 1 billion directly and indirectly NextStage AM invests in a limited number of innovative and growth driven mid market companies 80 portfolio companies as of 31 03 2022 in France and Europe to which it brings entrepreneurial expertise as an investor and strong operational support innovation talent international external growth NextStage AM provides long term support of these Mid sized Businesses MSBs which may be unlisted or listed on Alternext and Euronext B and C NextStage AM offers these businesses the means to accelerate their development and innovation capabilities to become champions in their markets both in France and internationally through organic and or external growth in December 2015 NextStage AM received a Gold Award for best development capital player in Europe at the Private Equity Awards in 2017 NextStage Croissance won the Active Innovation Jurys special prize and in 2019 NextStage AM was awarded the Editors Prize in the Private Equity category of the 2019 Wealth Management Pyramids about AXA France AXA France an AXA Group company led by Patrick Cohen is one of Frances leading insurers as a multi specialist insurer it protects 10 million customers individuals businesses and professionals through the expertise and proximity of its sales networks and nearly 14 000 employees C2 Internal Natixis AXA France has been at the forefront of support for the recovery of all French businesses from small businesses to medium sized companies and large corporations AXA France has contributed to all he joint initiatives launched by the French government and or the insurance industry in July 2020 AXA France contributed €200 million to the Sustainable Recovery program and raised €54 million for the solidarity fund set up by the government to support very small businesses and self employed professionals of the initial €11 billion fundraising AXA is the leading contributor with €2 billion which will be used to finance the rebound of professionals self employed workers and VSEs throughout France through the Relance Participative Loan program launched in April 2021 about Vauban Infrastructure Partners Vauban Infrastructure Partners is a leading Infrastructure Asset Manager focused on European core infrastructure investments headquartered in Paris Vauban employs over 65 professionals the majority of whom have been working together for over a decade Vauban is the fully fledged affiliate of Natixis Investment Managers dedicated to sustainable infrastructure equity investments Vauban targets predominantly European brownfield mid market assets and pursues a long term yield driven strategy that matches the underlying nature of the assets & the long term commitment to all stakeholders interests through a strong focus on creating sustainable value Vauban has raised c €7 2 billion across 6 funds in core infrastructure from over c 100 investors from 17 different countries and has invested in over 70 assets in the mobility energy transition social infrastructure and digital infrastructure sectors across 13 different geographies about Port Adhoc Port Adhoc has been a private leader managing and developing marinas in France and in Europe for more than 15 years today the Company operates 11 marinas in France and in the Netherlands representing in total 10 000 berths in various infrastructures including 6 marinas and 3 dry stacks marinas 2 multi services marinas afloat boatyard Port Adhoc has the ambition to transform its infrastructures in travel and leisure destination not only aimed at boats enthusiasts but also to a broader public transgenerational this is the reason why the Company is developing and is deploying tools of commercial management and innovative port facilities which will allow to propose new experiences to boaters about Edmond de Rothschild Asset Management The Edmond de Rothschild Group has been a family owned group since its creation with a rich history of committed entrepreneurship and infrastructure funding has been and continues to be an integral part of the Edmond de Rothschild story more information available on Lenders legal advisor Bentam Avocats Guillaume ANSALONI and Ivanna JHAYYA VDD to lenders legal and tax Bentam Avocats and AKD Guillaume ANSALONI and Ivanna JHAYYA finance model accounting and tax mazars!!! Axel ANDRIEU Insurances Gras Savoye Sene OSSEBI DOUNIAM business commercial and market BRli Nicolas FRAYSSE C2 Internal Natixis Companys advisors French legal Pevensey Avocats Jérôme LEMERCIER and Grégoire LE PIGEON!!! Dutch legal Van Till Advocaten Rogier LOOZEN and Jonathan CROZIER French tax BG2V Rémi DIAS et Jean Sébastien Dumont Dutch tax taxwise!!! Jur jen VAN DAAL financial eight Advisory Erwann HUON DE KERMADEC et Louise VEILLON Administrative Agent Aetherfs Aya YASSIRE et Mihaela MALENICA for more information Edram Audrey Colin West
Er ...
Is that it?
'It was a long one today, boss. Lucky must be exhausted.'
Lucky, mate, are you exhausted?
Im allright actually
Well, okay. It's been nice working with you again, Lucky.
Niceone lads
ENDS
ENDS
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