Private Equity to bring yacht chartering to a broader clientele

One of the more interesting capital funding deals in the last few days was the announcement that French equity firm NextStage, along with boat builder Fountaine Pajot, was planning to invest more than €14m in Dream Yacht Charter.

Dream Yacht Charter was started back in 2001 and has grown substantially in the last 16 years. The company now has 850 boats which can be chartered from 47 different locations around the world, and its founder Loic Bonnet has stated their challenge was to find a solution of “how to make leisure yachting accessible to all”.

Historically, chartering a yacht had primarily been driven by experienced sailors and the wealthy. However, as the increasingly affluent middle classes look for aspirational choices in terms of their holiday options, it’s clear from the growth already experienced by Dream Yacht that chartering a yacht is akin to the widening appeal of skiing holidays in the 60’s and 70’s.

Fountaine Pajot build catamarans and motor yachts along with providing options for daily charters of their catamarans. Dream Yacht also provides people with an option to buy new and used yachts through them and then have the yachts charter-managed by the company; so it is possible to see some obvious synergies for both companies in terms of supply and demand of customers.

I would also guess that there are customers out there who might want to hire a luxury motor cruiser rather than a sail boat, so with this tie-up between Dream Yacht and Fountaine Pajot this may become an additional offering in the future.

Filed under: funding, invest, yacht, capital