Ashurst Perkins Coie is assisting Certares in connection with the proposed delisting of Voyageurs du Monde, an operator specializing in tailor-made travel that has been listed on Euronext Growth for about twenty years. The project is structured around a first step in which Avantage, an unlisted entity already holding 62.24% of Voyageurs du Monde's share capital, will see its stake increased to 90.52% through the contribution of securities by its main shareholders, including Certares, and the acquisition of securities on the market. In a second step, during the second half of 2026, Avantage will launch a public offer for the remaining shares and convertible bonds, at a unit price of €180 and €182.52 respectively, with a view to delisting.
The completion of this transaction would involve the implementation of a liquidity mechanism for the benefit of the founders and certain investors of Voyageurs du Monde.
The Ashurst Perkins Coie team is led by François Hellot (partner), assisted by Gaspard Bastien-Thiry (counsel) and Victoire Gabai (associate), on corporate matters, as well as Emmanuelle Pontnau-Faure (partner) and Sabrina Ben Hassou (associate), on tax matters, in Paris.
The completion of this transaction would involve the implementation of a liquidity mechanism for the benefit of the founders and certain investors of Voyageurs du Monde.
The Ashurst Perkins Coie team is led by François Hellot (partner), assisted by Gaspard Bastien-Thiry (counsel) and Victoire Gabai (associate), on corporate matters, as well as Emmanuelle Pontnau-Faure (partner) and Sabrina Ben Hassou (associate), on tax matters, in Paris.
