We are pleased to announce that our portfolio company, Emerald Stay, has successfully acquired a majority stake in Bo-House SAS and Fabio Home Services SAS, two premier property management companies operating in the Saint-Tropez region. This strategic acquisition will significantly enlarge Emerald Stay’s footprint in the luxury rental and property management market, positioning it as the de facto market leader in the Saint-Tropez rental market. Limestone Capital recently increased its stake through an investment round in Emerald to fuel further growth and expand its successful buy and build strategy.
By integrating Bo-House and FHS, Emerald Stay aims to leverage the strengths of both companies, ensuring streamlined operations and enhanced service offerings to its global guest audience. The acquisition aligns with Emerald Stay’s strategy 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.
This acquisition is a pivotal step for our portfolio company, Emerald Stay, and it significantly bolsters our portfolio in the luxury hospitality market. By integrating Bo-House and Fabio Home Services, we enhance our market leadership in Cote d‘Azur, reflecting our commitment to transforming hospitality through innovative, technology-driven operations. This acquisition further underscores our strategy to drive growth and deliver exceptional value to our investors.