EQS-News: 029 Group SE: Portfolio company of Limestone Capital AG completes two major acquisitions
Source: EQS
Bo-House SAS Renowned for its expertise in short-term luxury rentals, Bo-House is a market leader in Fabio Home Services SAS Fabio Home Services (FHS) is a leading property management provider in Strategic Integration By integrating Bo-House and FHS, Emerald Stay aims to leverage the strengths of both companies, ensuring streamlined operations and enhanced service offerings. The acquisition aligns with Emerald Stay’s vision to establish itself as a leader in the luxury rental and property management market in European's premium beach and mountain destinations, and fit perfectly with the other premium rental operators previously acquired in Verbier and Mallorca.with a significant potential for exclusive management contracts within the ultra-high-net-worth individual market. Bo-House and FHS's existing management will continue to drive operations and grow the businesses's footprint, with the support of Emerald Stay's technology and marketing infrastructure. Financial Performance and Growth Both Bo-House and FHS have demonstrated robust financial performance, with steady revenue growth and healthy profit margins. This acquisition is expected to drive further growth and increase market share, solidifying Emerald Stay’s leadership position in a highly competitive market.
About 029 Group SE 029 Group SE believes that the next generation of consumer brands will be built on connection, experiences, and community. In a post-pandemic world, new patterns of work, life and leisure are emerging and accelerating. These trends create opportunities in hospitality and lifestyle for innovation-driven entrepreneurship with a strong community focus. 029 Group backs the most audacious entrepreneurs with a hands-on investment approach, focusing on areas where they can add significant value through their platform, global network and company building expertise. 029 Group is based in
About Further Information: https://www.limestone-capital.com/
029 Group SE
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Language: | English |
Company: | 029 Group SE |
Neue Schönhauserstraße 3-5 | |
10178 |
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E-mail: | ir@029-group.com |
Internet: | www.029-group.com |
ISIN: | DE000A2LQ2D0 |
WKN: | A2LQ2D |
Listed: | Regulated Market in |
EQS News ID: | 1939861 |
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1939861 04.07.2024 CET/CEST