White & Case Advises on Acquisition by PPF and Bénéteau of Majority Stake in Dream Yacht Group
1 min read
Global law firm White & Case LLP has advised Dream Yacht Group, the world's second largest yacht charter company, and its founder Loïc Bonnet, on the acquisition by Czech fund PPF and Groupe Bénéteau of a majority stake in Dream Yacht Group.
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.
For more information please speak to your local media contact.