PPF-backed Beneteau completed the acquisition of an 87% stake in Dream Yacht.

PPF-backed Beneteau, a designer, producer and retailer of leisure craft completed the acquisition of an 87% stake in Dream Yacht, a leisure boat hiring business. Financial terms were not disclosed. PPF has decided to invest in the leisure sailing business since it is swiftly becoming an expanding lucrative niche in the mass-market travel industry. An ever-widening circle of enthusiasts is opting for sailboat charters. Families, groups of friends, and individuals are seeking refreshing holiday experiences away from crowds. As a result, the sector is likely to recover rapidly in the aftermath of the Covid-19 pandemic amid the lingering health safety concerns and social-distancing requirements.