Cambon
Morgann Lesné [left] and Simon Lehmann [right]

Cambon Partners and AJL Atelier announce official partnership

France / Switzerland: In response to an unprecedented level of mergers & acquisitions [M&A] and fundraising in the short-term and vacation rental spaces, travel boutique investment bank Cambon Partners and consulting firm AJL Atelier have formed an official partnership to offer a combined service to companies looking to buy, sell or fundraise.

Working with both travel suppliers and travel tech companies of all sizes within the short-term and vacation rental spaces, the partnership follows the two companies collaborating in 2023 on activity, which includes a $63 million fundraising for luxury villa rental platform Le Collectionist and the sale of vacation rental software company Avantio to Planet, an integrated software, payment, and technology solutions provider.

In addition to leveraging each other’s knowledge and client base, their combined resources mean that they will now have a wide network of offices across Europe, including Paris, Zug, Barcelona, Istanbul, and London, as well as covering APAC and Americas from their Shanghai and Miami offices.

Both companies say that they are experiencing “unprecedented” levels of interest in their services – driven by the end of Covid unleashing high levels of M&A activity previously put on hold – and based on current clients aim to close up to 10 deals this year together.

Morgann Lesné, partner at Cambon Partners, said: “Almost certainly 2023 will go down in history as the biggest ever year for financial transactions in the short-term rental and vacation rental space. By combining our many years of M&A and fundraising experience with AJL Atelier’s unparalleled knowledge of the space, we aim to capitalise on this on behalf of our clients looking to buy, sell or fundraise and thus become Europe’s leading financial advisors in this sector.”

AJL Atelier CEO Simon Lehmann said: “Within the short-term rental and vacation rental space, many factors are coming together to drive higher than ever before numbers of financial transactions: not just the end of Covid, but as the space finally “comes of age”, consolidation is a natural next step. Work-from-home and work-from-anywhere are pushing demand, and the reopening of outbound Chinese tourism is now making things even more exciting.”

Lehmann is co-hosting IHM’s Urban Living Insights – Short-Term Rentals event alongside STRz editor Paul Stevens on Wednesday 26 April, on the afternoon of the annual Shortyz Awards for the global short-term / vacation rental industry. Lesné will also participate as a speaker on a session about “Investment trends: Valuations, mergers and acquisitions – Who, what, where, next“.

Book your tickets to Urban Living Insights at this link.

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