iad
Status
Current
Country
France
Strategy
Mid Cap
Sector
Entry
Apr-21
Fund
IK IX
Website
News
Insight Partners has signed an agreement with...IK signs an exclusivity agreement to acquire ...
Leading European digital network of independent real estate agents
Founded in 2008 and with the ambition to offer an alternative way of buying and selling residential property, iad is a fast-growing digital platform offering a large range of value-added support services to independent real estate agents. With solid regional positions and focus on the residential and existing home transactions, the Company has grown to become the largest network in France with 16,000 local agents.
Since IK Partners, Five Arrows and Naxicap Partners’ investment in 2016, iad has grown significantly to become the leading real estate network in France, and has successfully expanded into Portugal, Italy, Spain and Germany. In 2020, iad entered the Mexican market via a strategic acquisition.
IK Partners reinvested in iad alongside Insight Partners, Five Arrows Principal Investments and Naxicap Partners in April 2021.
What Attracted Us to the Business
- Largest digital network of independent agents
- Resilient and growing business
- Significant potential for international expansion
Our Value Creation Strategy
We are working alongside management to:
- Continue organic growth in the French market;
- Further strengthen international presence; and
- Further develop in adjacent segments.
Quote from IK Partners
“iad is exactly the type of business we take pride in partnering with. From the outset, we identified its potential to become a market leader in France and the opportunity to expand into new territories. We continue to be impressed by the Company’s entrepreneurial spirit and are excited for its long-term prospects, together with the existing and new shareholders.”
Rémi Buttiaux, Managing Partner and Advisor to the IK IX Fund
