029 Group SE: Portfolio company of Limestone Capital AG completes two major
acquisitions

EQS-News: 029 Group SE / Key word(s): Investment
029 Group SE: Portfolio company of Limestone Capital AG completes two major
acquisitions

04.07.2024 / 12:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Berlin, 04th July 2024. 029 Group SE (ISIN: DE000A2LQ2D0), a global
hospitality and lifestyle platform, announces that the portfolio company of
Limestone Capital AG, 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.

Bo-House SAS Renowned for its expertise in short-term luxury rentals,
Bo-House is a market leader in Saint-Tropez, catering to high-end clientele
in Saint-Tropez, Ramatuelle, Gassin, Grimaud, and La Croix-Valmer. With over
170 properties under management, Bo-House offers a comprehensive suite of
services to both guests and property owners. Their motto, "Our Expertise
Simplifies Your Life," encapsulates their commitment to providing seamless
and luxurious rental experiences.

Fabio Home Services SAS Fabio Home Services (FHS) is a leading 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. FHS's strong symbiotic relationship with
Bo-House ensures comprehensive care for property owners, allowing them to
fully outsource management and earn passive income through Bo-House's rental
program.

Strategic Integration

By integrating Bo-House and FHS, Emerald Stay aims 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
European's premium beach and mountain destinations, and fit perfectly with
the other premium rental operators previously acquired in Verbier and
Mallorca.with a significant potential for exclusive management contracts
within the ultra-high-net-worth individual market. Bo-House and FHS's
existing management will continue to drive operations and grow the
businesses's footprint, with the support of Emerald Stay's technology and
marketing infrastructure.

Financial Performance and Growth

Both Bo-House and FHS have demonstrated robust financial performance, with
steady revenue growth and healthy profit margins. This acquisition is
expected to drive further growth and increase market share, solidifying
Emerald Stay's leadership position in a highly competitive market.

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."

About 029 Group SE

029 Group SE believes that the next generation of consumer brands will be
built on connection, experiences, and community. In a post-pandemic world,
new patterns of work, life and leisure are emerging and accelerating. These
trends create opportunities in hospitality and lifestyle for
innovation-driven entrepreneurship with a strong community focus. 029 Group
backs the most audacious entrepreneurs with a hands-on investment approach,
focusing on areas where they can add significant value through their
platform, global network and company building expertise. 029 Group is based
in Berlin, Germany.

Further Information: https://www.029-group.com/

About Limestone Capital AG

Limestone Capital is a Swiss-based private equity firm that delivers value
through transformation in the travel & leisure industry. Limestone's core
focus is on private equity, private credit, and special opportunities. Most
investments follow a branded platform strategy where value-add real estate
is transformed by scalable, technology-enabled operating brands and seasoned
management teams delivering outsized returns for shareholders and investors.
Its platforms, including Aethos Hotels, Emerald Stay, and others operating
over EUR1 Billion in real estate assets and have been featured globally in
Architectural Digest, Bloomberg, Condé Nast Traveler, Financial Times,
Forbes, Vanity Fair, Vogue, and amongst many others.

Further Information: https://www.limestone-capital.com/

029 Group SE
Neue Schönhauserstr. 3-5
10719 Berlin
E-Mail: ir@029-group.com
https://www.029-group.com/


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04.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        029 Group SE
                   Neue Schönhauserstraße 3-5
                   10178 Berlin
                   Germany
   E-mail:         ir@029-group.com
   Internet:       www.029-group.com
   ISIN:           DE000A2LQ2D0
   WKN:            A2LQ2D
   Listed:         Regulated Market in Dusseldorf, Munich
   EQS News ID:    1939861

End of News EQS News Service
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1939861 04.07.2024 CET/CEST