
NextStage AM acquires Atream
Listed French GP NextStage AM has acquired a majority stake in Atream, a real estate fund manager.
NextStage AM, which listed on the Paris Euronext stock exchange in 2016, has invested alongside Atream's founders.
According to French publication Le Figaro, NextStage invested €14.2m in Atream.
Under NextStage's ownership, the business aims to offer even more attractive investment options to its institutional partners, as well as to the general public, via its range of open funds.
NextStage is an asset manager, investing in both non-listed companies (75%) and listed companies (25%). It invests tickets in the €4-40m range, either as a majority or minority stakeholder.
Company
Founded in 2008 and based in Paris, Atream manages more than €1.5bn in assets, mainly in tourism real estate. The business carried out operations for 10 years with players such as the Accor Hotels group in the hotel industry, and Pierre & Vacances – Center Parcs in holiday villages and tourist residences. In 2015, Atream initiated an opening to the general public so it could invest in tourism real estate opportunities.
People
Atream – Pascal Savary, Grégory Soppelsa (founders).
NextStage AM – Nicolas de Saint Etienne (partner).
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