European private equity firms Rothschild & Co.’s Five Arrows Principal Investments (FAPI), and IK Investment Partners, have acquired I@D Holding, a digital platform for real estate agents, and the largest such network in France. The founders Malik Benrejdal, Jade Benrejdal and Jerome Chabin as well as NaxiCap Partners, shareholder since 2012, are reinvesting 37% alongside IK and FAPI.

Founded in 2008 and headquartered in Lieusaint, France, I@D offers a full range of services to consultants wishing to adopt an alternative model of real estate intermediation. I@D employs 64 people and has grown to nearly 3,200 local agents. The platform has generated over 11,800 transactions last year, reporting revenues of about €80 million during its fiscal year ending June 2016. In 2015, I@D launched operations in Portugal, where it supports close to 200 agents.

“We are very proud to support I@D in the next stage of its development,” said Emmanuel Roth, co-managing partner at Rothschild’s Five Arrows Principal Investments. “We are looking forward to collaborating with the management team and helping the company to further scale its operations in France and accelerate its recent international expansion.”

“We are delighted to have the opportunity to contribute to the future success of I@D. We have been very impressed with the company’s achievements so far and believe that I@D has tremendous growth potential with further market penetration in France, expansion of its real estate service offering and potential development in selected countries in Europe,” said Dan Soudry, partner at IK and advisor to its IK VII Fund.

“We are very pleased to welcome IK and Five Arrows, who share our long term strategic vision for the business and plan to support our successful track record of delivering strong growth of the network domestically, as well as expand to adjacent segments or new geographies,” said Malik Benrejdal, CEO of I@D France.

“Since 2012, we have appreciated the quality of the management and have recorded the relevance of I@D’s business model whose turnover has increased from €23m to €80m. We are convinced of the potential of development in France that is still high and of the success of the model’s duplication worldwide. That’s why NaxiCap Partners is very pleased to support I@D in this new project,” said Laurent Sallé, managing partner at NaxiCap Partners.

Five Arrows Principal Investments (FAPI) is the European private equity arm of Rothschild & Co.’s Merchant Banking division, which is led by Baron David de Rothschild (chairman of Rothschild & Co Gestion, and Rothschild Concordia, the holding company owned by the French and English branches of the family), and Alexandre de Rothschild (deputy chairman of Rothschild & Co Gestion, and Head of Rothschild Private Investment).

Rothschild & Co is a global family-controlled group, providing M&A, strategy and financing advice, as well as investment and wealth management solutions to large institutions, families, individuals and governments, worldwide. Having been at the center of the world’s financial markets for more than 200 years, it can rely on an unrivalled global network of more than 2,800 employees and a track-record of outstanding execution with 50 offices around the world.

Five Arrows, based in London, Paris and Luxembourg, with €1.5 billion in assets under management, is focused on investing in lower middle market companies in Western Europe.

IK Investment Partners 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 100 European companies.

NaxiCap Partners is one of France’s leading private equity companies, with €2 billion of assets under management.

Photo: Alexandre de Rothschild, Deputy Chairman of Rothschild & Co Gestion and Head of Rothschild Private Investment.

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