Fidera Limited

About Fidera Limited

Fidera Limited is a UK-based investment firm focused on European special situations, asset-backed investments, claims and other complex, process-intensive opportunities. In the governance of Pierre & Vacances-Center Parcs, Fidera Limited plays a highly visible role as a reference shareholder and board member, represented by Jérôme Loustau, a portfolio manager and partner at Fidera. His background helps illustrate the type of expertise Fidera brings to the table: he is an ESSEC graduate who started his career at KPMG, then moved into investment banking, including work at Deutsche Bank on M&A and balance-sheet advisory, the European Bank for Reconstruction and Development in financing, and Deutsche Bank again in credit investing. He later joined Attestor Capital in 2014 and moved to Fidera in January 2020. At Pierre & Vacances, Fidera has been associated with a more active shareholder posture, combining board representation with a meaningful equity position. Market disclosures in late 2024 and early 2025 show repeated share purchases, followed by a crossing above the 25% threshold of share capital and voting rights on 25 February 2025, reaching 25.05%. The declared intention was to continue participating in the company’s governance as a reference shareholder without seeking control. That positioning is important in a group that has undergone substantial restructuring and operational transformation in recent years. Fidera’s expertise lies in risk assessment, financial structuring and value creation in complex situations. For a hospitality and holiday-resort group such as Pierre & Vacances-Center Parcs, that skill set is relevant to balance-sheet discipline, governance oversight, asset allocation and operational turnaround execution. Fidera Limited therefore appears as a specialist investor supporting a long-term value-recovery strategy, with a particular focus on financial resilience, strategic oversight and industrial consolidation.