Edmond de Rothschild Corporate Finance has advised the shareholders of I@D on the sale of a majority stake to the investment funds IK in partnership with Five Arrows Principal Investments (FAPI), co-investor

Mergers & acquisitions - 9/22/2016

IK Investment Partners (“IK”) and Five Arrows Principal Investments (“FAPI”) have finalized the acquisition of a majority stake in the share capital of I@D with the founders of I@D, Malik Benrejdal, Jade Benrejdal and Jérôme Chabin and Naxicap Partners, minority shareholder since 2012.. The founders and Naxicap Partners reinvest alongside IK and FAPI.

Founded in 2008, I@D is the first network of independent real estate consultants in France. The network consists exclusively of independent agents and has  no real estate agencies  thanks to a proprietary digital platform of services allowing agents to work at home and from the field.

This single and innovative business model, based on multi-level marketing and an operational excellence in integrating, training and assisting the agents, allowed I@D  to grow rapidly since its inception and to continue its strong expansion.

I@D generated revenues of circa €80m FY ending June 30th 2016 with 3000 agents in France. In 2015, I@D launched operations in Portugal where it supports close to 200 agents.

Edmond de Rothschild Corporate Finance also acted as financing advisor.

Edmond de Rothschild Corporate Finance
Financial Advisor: Christophe Marchand, Inès Reinmann-Toper, Sébastien Auger, Sara Napolitano, Arthur Pignot
Financing Advisory: Gregory Fradelizi, Paul O’Mahony

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