Clearwater International France advises Arenadour’s shareholders on the disposal of the group to SRS

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Clearwater International France has advised Arenadour’s shareholders on the disposal of the group to SRS (Yves Journel’s investment vehicle), associate to the CEO and to the group’s top management.

Belonging to Naxicap Partners, Ouest Croissance, Arkéa Capital and minority shareholders (including the founder and current CEO) since 2013, Arenadour develops and manages 6 establishments in Dax and Saint-Paul-Lès-Dax, the first thermal pool in France. The group counted over 26,000 guests in 2017 for a total revenue of c.€30m.

As a major player in the high end medical thermal sector, the group offers different types of hydrotherapy (mainly rheumatology and phlebology) and is developing a way to house guests in five hotels and residences culminating in more than 750 rooms and apartments and a camping site with 150 pitches as well as a complementary type of therapy: thermoludism with an acquatic centre and a spa.

The Clearwater International France team was composed of Nicolas Saint-Pierre, Managing Director and Marie Cassola, Analyst.

Nathalie Triolet, Investment Director, Naxicap Partners commented: “We are confident in Arenadour’s potential for development and are pleased for them as the company and team begin a new chapter.”

Nicolas Saint-Pierre, Managing Director, Clearwater International France added: “As more and more players in the healthcare sector are beginning to show interest in thermalism, we are pleased to have advised the group’s shareholders in the disposal of Arenadour to SRS which shares a common vision of medical thermalism with the management team.”