2024-12-20
2016-06-23
IK signs an exclusivity agreement to acquire a majority stake in I@D with the support of Five Arrows
IK Investment Partners (“IK”) and Five Arrows Principal Investments (“FAPI”) have signed an exclusivity agreement with the founders and Naxicap Partners to invest in I@D Holding (“I@D”), a services platform to the first network of independent real estate consultants in France. The founders Malik Benrejdal, Jade Benrejdal and Jérôme Chabin as well as Naxicap Partners, shareholder since 2012, will reinvest alongside IK and FAPI.
Completion of the transaction is subject to custom legal and regulatory approvals.
About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France and Benelux. Since 1989, IK funds have raised more than €7.5 billion of capital and invested in over 95 European companies. IK funds support businesses with strong underlying potential, partnering with management teams to create robust, international leaders with excellent long-term prospects. For more information, please visit www.ikinvest.com
About I@D
Founded in 2008, I@D offers a full range of services to consultants wishing to adopt an alternative model of real estate intermediation. I@D today supports the first network of independent real estate consultants in France, with over 3,000 agents. Based in Lieusaint (France), I@D employs 64 people and generated revenues of €80 million over the last twelve months. In 2015, I@D launched operations in Portugal where it supports close to 200 agents. For more information, please visit www.iadfrance.fr
About Five Arrows Principal Investments
Five Arrows Principal Investments is the European private equity firm of the group Rothschild & Co. Having raised €775 million, FAPI II is mainly present on the European mid-market, investing €20-100 million per transaction. FAPI accompanies entrepreneurs and investors in their development projects by making available the resources of the Rothschild group throughout the world. Since its launch in 2010, FAPI completed 16 operations in the UK, France, Germany, the Nordics, Spain and Italy. For more information, please visit www.rothschild.com/fapi
About Naxicap Partners
With 2 billion euros of capital under management, NAXICAP Partners is one of the main private equity firms in France. NAXICAP Partners is an active and responsible investor which builds strong and constructive partnerships with managers to ensure the success of their entrepreneurial projects. Operating as a subsidiary of Natixis, the firm is built on 3 different teams: Innovation & Growth, Small Caps and Mid Caps, and employs 37 investment professionals in 5 offices in France: Paris, Lyon, Toulouse, Strasbourg and Nantes. For more information, please visit www.naxicap.fr
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