Clipperton acted as the sole financial advisor to Homeland Immo, a leading digital property management platform, on its merger with Immo City, a well-established player in the real estate services sector.
The group will rebrand to Solive, forming the largest digital property management company in France and Belgium, with the aim of continuing its market consolidation strategy.
With the support of both companies’ investors (Andera Partners, Reflexion Capital, Newfund, and CDC Banque des Territoires), the merger will generate significant synergies and create a group with 25m€ combined revenues.
Our Client
- Founded in 2016 by Frédéric Remeur and Renaud Lerooy, Homeland is a digital-native property manager that places technology at the heart of its operations for its employees and clients. The group has experienced rapid growth, both organically and through external growth (nine transactions completed), and currently manages approximately 40,000 properties in the Paris region and Brussels.
- Homeland Immo is the pioneer of “augmented” property management services in France, combining the best of traditional and online condo management through proprietary in-house technology.
- Homeland Immo provides the full range of services of a local property manager, including on-site presence, physical meetings, and the organization of general assemblies, while offering real-time digital access to information, multi-channel communication, and tools that increase the availability and efficiency of its teams.
Deal Rationale
- By combining Homeland’s proprietary technology with Immo City’s teams and portfolios, Solive is accelerating the digital transformation of its businesses. This convergence will generate significant operational synergies through major productivity gains and an improved customer experience.
- With consolidated revenue of approximately €25 million, the Solive group intends to pursue its active strategy of consolidating its market by capitalizing on the scalability of its model and its expertise in integration. To this end, it has already secured financing lines from White Peaks Capital.
- Andera Partners reinvests and remains the reference shareholder alongside Homeland’s management and historical investors. Homeland’s existing investors (Réflexion Capital, Newfund, and CDC Banque des Territoires) are also reinvesting in the transaction.
- Frédéric Remeur, President of Homeland Immo, stated: “This merger marks the birth of a natural consolidator in its market, combining the proximity expected by customers with the improved working tools expected by employees. In a fragmented and poorly digitized sector, the group is setting a new standard in property management. We share a strong ambition for Solive in a sector where the lines are shifting rapidly.”
Clipperton’s strong track record in tech-enabled services
The merger of Homeland Immo and Immo City confirms Clipperton’s expertise in the tech-enabled services industry, with recent transactions such as Eskimoz’s LBO with Siparex ETI, and Equativ’s unitranche with Eurazeo.
Deal Team
- Antoine Ganancia, Managing Partner
- Marc Schäfer, Executive Director
- Ismail Roquaichaoui, Associate
About Clipperton
Clipperton is a leading pan-European investment bank dedicated to technology and growth companies, with offices in Paris, New York, Berlin, and Munich, as well as partnerships in the Netherlands, the UK, Switzerland, China, Italy, and Spain. We provide strategic and financial advisory services to entrepreneurs, corporates, and top-tier investors in Europe who are looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 500 deals with fast-growing technology businesses, blue-chip corporates, and renowned financial investors.