Invest in a first of its kind Profit Participating Digital Bond funding securitised ownership of sport show-jumping horses
The Arion Equestrian Portfolio represents an opportunity to participate in a profit-generating horse development program — operated by an experienced team with proven results — to generate financial returns from sport show-jumping horse acquisition and development.
Arion Participating Bonds are financing a show-jumping-horse development portfolio, managed by Vision2024, an equestrian development specialist. Arion will finance the acquisition of a 75% stake in 20 top sport-horses to create a diversified portfolio and fund the training and development of the horses over four years. The equestrian portfolio is expected to generate 35% — 80% ROI.
Arion Digital Bonds are profit-participating bonds with 48-month maturity, and semi-annual distributions commencing one year after closing of the offering, continuing for the following three years.
The founders of Vision2024 have a long history of successfully developing show-jumping horses to the highest sports category. Vision2024 itself, started in 2018, already achieved returns on its initial portfolio, which the company fully funded, thanks to the successful development and sale of several horses the company acquired.
Vision2024 will now scale its development program and give for the first time access to this unique investment opportunity, which is usually accessible only to insiders.
An Olympic sport, the world of show jumping is centred around exclusive equestrian competitions that attract high-profile entrepreneurs, celebrities, and the wealthy. Investment into top sport-horses and profits from those investments is usually only available to insiders, and Arion represents a unique opportunity for external investors.
The Arion Equestrian Portfolio will be created by the acquisition of 15 sport horses with high potential and the contribution of 5 horses from the existing Vision2024 portfolio, which has already generated successful sales and return on investment from its inception in 2018.
Investors in Arion Digital Bonds will be participating with 75% ownership of 20 sport show-jumping horses in the Arion Equestrian Portfolio. This is an ideal for private investors, family offices, and funds who
✓ invest in non-traditional assets,
✓ have an affinity for equestrian sport, or
✓ are seeking the lower transactional cost and increased liquidity of digitized assets.
The demand and price of sport horses increase every year. The price of sport horses, which are classified by a tiered ranking system, starts in the hundreds of thousands and reaches into the millions of Euros per horse. Arion utilises this momentum by directly participating in the Vision2024 Equestrian Development Program that focuses on developing expertly scouted and professionally developed show-jumping horses for this constantly growing market.
The average horse value, when professionally developed, increases 3.8x, providing an exceptional investment opportunity. However, to achieve that average, the approach needs to be scalable and create a portfolio of horses rather than investing into a single horse.
Vision2024’s strategy of investment into quality horses is to achieve above-average results by investing on a larger scale and using a professional development program. The keys for success are scale, well-prepared scouting and a selection program, ensuring maximum value appreciation because of the right categorization and treatment of the horses. The development program itself includes matching horses with suitable riders along with their sports progress.
Selection — the process of horse scouting — is part art and part science. Lieven van DeCraen (Vision2024) and his team of experts use a combination of rigorous health checks, analysis of the current performance of horses (as the horses being acquired will have already been on the circuit for a few years), and their decades of experience to single out for purchase those younger horses which show the most potential to benefit from a rigorous and nurturing development program.
The market for top sport horses covers more than twenty sub-leagues on all continents under the FEI Longines ranking umbrella. More than 3.200 riders are classified in ranking tiers. The price of a top sport horse starts in the hundreds of thousands and extends into the millions of Euro, each.
The key element is, unsurprisingly, the horse — and top quality horses make the difference. There is a steadily growing demand for quality horses in the global market, but there isn’t a steady supply.
The demand and price of sport horses increases every year.
The average sale price of 3–4 year old horses is less than 1/10th the average price of horses in the 5–7 year range. This makes sense in the context of show jumping, as a sport, because horses reach their peak performance at around 9–12 years old.
Atoucha Hero Z was acquired by Vision2024 as 5‑year-old mare into the horse development portfolio in February 2018 and became one of the most winning young horses in recent years. The horse was successfully sold to the American rider Paris Ann Sellon in November 2020. Through consistent, intensive training and professional guidance, Attoucha Hero Z, a daughter of top sire Aganix du Seigneur Z, climbed to the pinnacle. Under the saddle of Melanie Gelin, she jumped to no fewer than 18 international victories in the last few years.
Although the exact sale price cannot be disclosed, Vision2024’s gain on this horse development exceeded 300%+ over three years, incorporating the original purchase price and the associated development costs.
Vision2024 was founded by group of experienced entrepreneurs, investors and professionals in the equestrian business, with 20+ years of experience in the field and a proven and successful track record in the industry. Vision2024 was founded in 2018 with the objective of creating a scalable model of scouting and developing sport show-jumping horses. The company is utilising its wide network and close relationships with breeders, riders and traders to continue to build on its initial success.
Read more under https://www.vision2024.info/
Founder & CEO
Mr. Van Decraen began his career as a very successful rider, including being a member of the Belgium national jumping team (1990–1996). Later, he started to build a successful career as a horse developer and international horse trader with substantial success in scouting, developing and selling top sport horses. He currently runs his stable in the south of Belgium, where he also trains riders.
Mr. Turek initially worked in aircraft engineering and later launched a long career as a successful entrepreneur in the IT industry, developing and exiting several companies providing services in banking and related industries. Currently, he is an active investor in air transportation, real estate, and the equestrian world. His affair with equestrian sports started 15 years ago when he bought his first horse and gradually expanded his activities from there.
Mr. Bucci is one of the most successful Italian riders, represented Italy at most of the important shows, and was Italian National Champion. In 2015 he won the Nations Cup with the Italian team in Lummen. Mr. Bucci is an active top rider, currently residing in Holland and participating in horse development and trading activities.
Mrs. Damborska is an FEI Judge and Steward, Eurosport commentator, and International showjumping event organizer. Beginning her career in private banking, taking care of most prestigious clients, she brought those skills to the equestrian world.
DIGITAL BOND CLASSIFICATION
Arion Participating Bonds will be issued by IDAP Alternative Investment S.à r.l., a securitization platform operating under the Luxembourg Securitization Law. Arion Participating Bonds are issued subject to, and will be enforced in Luxembourg, if applicable, in accordance with the provisions of the Securitization Law 2004 and its Terms and Conditions. Arion Participating Bonds are issued as an unregulated securitization undertaking according to Securitization Law.
Bonds will be issued and registered in electronic form on the platform operated by Globacap Limited, an entity licensed by the UK Financial Conduct Authority.
The digital form of the bonds allows easy access by an investor to information about his holdings at any time, and the ability to easily receive distributions and redemption. Arion Participating Bonds are fully transferable until their maturity, subject to certain restrictions and limitations.
Step 1: Register and qualification as professional investor
European investors interested in purchasing Arion Participating Bonds must register with BMCP GmbH and qualify as a professional client according to Annex II of DIRECTIVE 2014/65/EU.
Investors can subscribe to Arion Participating Bonds using the Globacap platform (the “Globacap Platform”) accessible through the Internet. You will receive a registration email with further information about the qualification process with links to the GlobaCap platform after registration on on this landing page.
The Globacap Platform is operated by (and its related services are provided by) Globacap Limited, registered and incorporated in England, with its offices at 322 High Holborn, London WC1V 7PB, United Kingdom (“Globacap”). Globacap is regulated by UK Financial Conduct Authority with FCA No: 811661. Investors must register an individual or institutional account at the Globacap Platform to subscribe, hold, receive distributions and redeem Arion Participating Bonds.
Step 2: Know Your Customer (KYC) and Anti-Money Laundering (AML) Compliance
We will walk you through a quick and easy identification and accreditation process online. This process protects investors and ensures the integrity of the company. All potential investors must provide such information to IDAP Alternative Investment S.à r.l., as set forth in the Subscription Form to allow the Company to conduct its required KYC and AML analysis and to otherwise confirm that the investor satisfies any other suitability requirements. IDAP Alternative Investment S.à r.l. reserves the right to reject any investment at its sole discretion.
Step 3: Complete subscription process
Investors must read the Private Placement Memorandum (PPM) and Subscription Form of IDAP Alternative Investment S.a r.l..
Step 4: Purchase Arion Participating Bonds
Send EUR to Globacap as the custodian and Paying Agent of Arion Participating Bonds and obtain an economic interest in the Arion Equestrian project in the form of Arion Participating Bonds.
ARION DIGITAL BONDS
Target Fund Raise
For professional investors from
|Issuer||IDAP Alternative Investments S.à r.l.|
|Total Investment Volume||EUR 3,330,000|
|Min. Investment Amount||EUR 5,000|
|Instrument Type||Profit Participating Bond|
|Issue Date||30 September 2022|
|Maturity||31 October 2026|
|Distributions (Interest Payments)||Semi-annually, with first distribution 12 months after Issue Date|
Interested investors must register and qualify as professional client according to Annex II of DIRECTIVE 2014/65/EU. A professional client is a client who possesses the experience, knowledge and expertise to make its own investment decisions and properly assess the risks that it incurs.
The information of this Digital Bond Offering is exclusively intended for persons who are not located in or resident of certain other restricted jurisdictions, and who are otherwise permitted to receive such information.
According to Article 1 (4) of the EU Prospectus Regulation (Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC), there is no obligation to publish a prospectus if the securities are only offered to legal entities or individuals which are “qualified investor” as defined in the Prospectus Regulation.
Globacap Limited, incorporated and registered in England and Wales with registration number 11046987, whose Registered Office is at 322 High Holborn, London WC1V 7PB, United Kingdom, with FCA No: 811661, acts as Authorized Arranger in the United Kingdom for investors from the United Kingdom.
The information of this Digital Bond Offering does not constitute an offer or an invitation to purchase securities in any jurisdiction in which such offer or invitation is not authorised or to any person to whom it is unlawful to make such offer or invitation. Users of this information are requested to inform themselves about and to observe any such restrictions.
An investment involves considerable risks and can lead to the complete loss of the assets invested. In the interests of risk diversification, only those amounts of money should be invested that are not required or expected to be returned in the near future. However, the risk is limited to the investment sum made and there is therefore no obligation to make additional contributions.
The Issuer is solely responsible for all contents and information provided regarding the offering. BMCP GmbH acts as a pure intermediary and assumes no liability for the accuracy of the provided content. BMCP GmbH works on a success fee basis of up to 5% of raised capital.
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