July 2021. Peakstone served as exclusive financial advisor to Nocturne Villa Rentals (“Nocturne”) on its partnership with Gladstone Investment Corporation and Aureus Capital to acquire St. Barth Properties, Inc., a leading villa rental manager on the island of Saint Barthélemy in the French West Indies, and its sister company, St. Barth Dream Vacations (DBA St. Barth Properties – St. Barth), based in Gustavia, SBH. Nocturne’s acquisition is the second in as many months following its June acquisition of Exceptional Stays based in Telluride, CO.
Nocturne was founded by CEO Scott Simmons and president Marshall Calder, bringing with them decades of experience in the luxury hospitality industry.
St. Barth Properties was founded in 1989 by Peg Walsh, recognized by Condé Nast Traveler as the definitive expert for St. Barth, and represents more than 250 luxury properties for rent on the iconic, eponymous island known as the French Riviera of the Caribbean. A pioneer in the vacation rental industry, Ms. Walsh was joined in the business in 1992 by her son, Tom Smyth, who will become President of St. Barth Properties and a senior member of Nocturne’s executive management team.
Scott Simmons, Nocturne Chief Executive Officer, commented: “I have known and admired Peg and Tom for many years. They’ve assembled a dynamic team and built a great business, fueled by a passion for the island they love and a dedication to five-star hospitality, as well as exceeding guest and homeowner expectations. We’re thrilled to now be working with them.”
“Peakstone formed the deal with two great partners in Gladstone and Aureus. Launching during a pandemic was challenging. Peakstone did a great job persevering and delivered a great outcome, enabling us to execute on our vision of a highly differentiated model in the global travel industry,” said Marshall Calder.
Terms of the transaction were not disclosed.
For additional information please contact:
Eric Zampol, Managing Director, 415-706-1175, email@example.com
Patrick Sandercock, Managing Director, 312-505-6938, firstname.lastname@example.org
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