Limestone Capital AG announced that its portfolio company, Emerald Stay, has acquired a majority stake in two premier property management companies, Bo-House SAS and Fabio Home Services SAS, operating in the Saint-Tropez region.
Bo-House SAS with c. 170 properties under management is renowned for its expertise in short-term luxury rentals and is a market leader in Saint-Tropez, serving high-end clientele in Saint-Tropez, Ramatuelle, Gassin, Grimaud, and La Croix-Valmer.
Fabio Home Services SAS (FHS) is a property management provider in Saint-Tropez, managing over 80 properties under recurring agreements. FHS offers a full range of services, including stewardship, concierge services, administrative management, interior architecture, and event planning.
Emerald Stay aims to integrate Bo-House and FHS 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 Europe's premium beach and mountain destinations, complementing the premium rental operators previously acquired in Verbier and Mallorca.
Maxime Friess, CEO & Co-founder of Emerald Stay, said: “We are thrilled to welcome Bo-House and Fabio Home Services into the Emerald Stay family. Their expertise and reputation in the Saint-Tropez region perfectly complement our vision of providing unparalleled luxury rental and property management services. This acquisition marks a significant milestone in our growth strategy, and we look forward to delivering exceptional value to our clients and property owners.”
Benjamin Habbel, CEO & Co-founder of Limestone Capital said the following: "This acquisition is a pivotal step for our portfolio company, Emerald Stay, significantly bolstering 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 value-add real estate through innovative, technology-driven operations. This move underscores our strategy to drive growth and deliver exceptional value to our investors."
Image provided by Limestone Capital.
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