ZENCAP AM supports the development of the MS VACANCES group via a corporate bond issue


Through this transaction, Zencap Asset Management and Blue Partners Finance reaffirm their ability to provide tailor-made solutions to support companies in their development, particularly in the corporate and real estate finance segment of the hotel sector.

MS Vacances, family group led by Guy Raimbaud, is a specialist in high-end outdoor hotels managing more than 2,000 locations on four sites in Vendee and the Pyrenees-Orientales. The group employs more than 100 employees for an expected turnover of € 17 million in 2019. With over 20 years of expertise in the sector and a performance that has been steadily increasing over the last five years, MS Vacances aims to continue its development on the same positioning with an expansion plan and an acquisition pipeline already identified.

Blue Partners Finance and Zencap Asset Management have structured this 6-year secured bond issue which allows the company to rationalize its financing and support its growth in France while maintaining a heritage vision and values ​​that have ensured its success in the past .

Christophe Milliez, Investment Director at Zencap Asset Management says: "This transaction is a perfect example of the benefits that alternative lenders can bring to a consolidating business sector, but still benefiting from good growth prospects and where some players do not have direct access to appropriate financing solutions. Having the opportunity to support the development of a family group and a brand like that of MS Vacances via a tailor-made corporate finance line confirms the relevance of our strategy in the small / midcap segment of private debt. "

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