An unknown buyer acquired unknown minority stake in Emerald Stay SA from 029 Group SE (DB:Z29) on February 12, 2024. The transaction is structured as a secondary share sale and is expected to generate approx. ?1.6 million of gross proceeds, reflecting a realized multiple on FY 2023 book value of around 2.3X (2.7X on invested capital). 029 Group SE announces that it successfully exited its entire stake in its portfolio company Emerald Stay S.A.

An unknown buyer completed the acquisition of unknown minority stake in Emerald Stay SA from 029 Group SE (DB:Z29) on February 12, 2024.