Month: November 2023

Read the official press release from NCI here.

 

Flatsy, a company specialising in digital professional property, has announced that it has raised €3.5 million from Banque des Territoires and NCI, along with eight other business angels, to strengthen its service offering. Joffe & Associés (Thomas Saltiel, Charlotte Viandaz and Rudy Diamant) advised Banque des Territoires and NCI on this transaction.

 

Flatsy already benefited from the support of NCI in its previous financing round, which reached the €3 million threshold in 2021. Flatsy now welcomes a new French investor: the publisher of a property visit management software for professionals in the sector has raised €3.5 million, with Banque des Territoires as a major new investor.

 

It should be noted that around eight additional business angels, including Didier Le Menestrel (Weber Investissement), already present in the company’s capital, are also participating in this new operation. Since it was founded in 2016 by Alexis Chauffert-Yvart, Thomas Patouillaud and Pierre Lanvin, Flatsy has raised a total of €7.7 million to enhance its solutions and services.

 

“The aim is to enhance existing technology by offering new service components, such as inventory of fixtures and photography, to save real estate professionals time and travel and enable them to concentrate on finding mandates and clients”, says Alexis Chauffert-Yvart, Director and CEO of Flatsy.

 

About Flatsy:

 

Flatsy, founded in 2016, aims to provide real estate professionals with an efficient visit management tool. In addition, the company offers to delegate property visits to its qualified staff, aiming to simplify the process and lighten the workload of professionals.

 

Over the years, Flatsy has enjoyed a number of fund-raising successes. In 2018, it successfully raised €1 million for its visit delegation concept. In 2021, it continued this momentum by raising €3 million to strengthen the digitalisation of the property viewing process.

Read the original news on CFNews here.

 

European Digital Group, an acquisition platform owned by Montefiore, through its conversational data analysis arm Semantiweb, has acquired Social Wire, a social network data analysis agency with twenty employees. Joffe & Associés (Romain Soiron, Virginie Belle and Paddy Pascot) advised Social Wire and its founders on this transaction.

 

European Digital Group is strengthening its Data & AI division, which includes Equancy, a data strategy and management consultancy acquired a few months ago, and previously formed through the acquisition of a majority stake in Semantiweb, a conversational data analysis agency. It was through this latter company that the Montefiore-owned group acquired Social Wire, an agency specialising in the analysis of content and comments on social networks.

 

Virginie Barbieri, co-founder of Semantiweb, explains: “We work closely with EDG’s M&A department, particularly in identifying potential targets to strengthen or diversify our expertise. EDG also benefits from a flow of opportunities, particularly from investment bankers. This is the case with Social Wire, which has also received several bids. To manage a competitive sales process, the target called in Astero Partners, an investment bank founded in 2016 by Alexis Nohen, former General Secretary Europe and Africa at Lagardère Sports.

 

This integration into the EDG group consolidates the decryption capabilities of the Meta, YouTube and TikTok platforms, with a major addition focused on video analysis. With a team of over 10 different nationalities based in Paris, Social Wire has been working with clients such as LVMH, Givaudan, Sanofi, Nestlé and Nespresso for 7 years.

Read the official press release on the Kardham Group website here.

 

The Kardham Group, an independent and integrated French leader in the professional property sector, announces that GENEO Capital Entrepreneur and Bpifrance have strengthened their positions in its capital. These partners have been working alongside management since 2020 for GENEO Capital Entrepreneur and 2016 for Bpifrance. Joffe & Associés (Aymeric Dégremont, Romain Soiron & Paddy Pascot) acted as advisor to GENEO Capital Entrepreneur.

 

This transaction gives the group the human and financial resources it needs to support the acceleration of the major changes underway in the global property industry, namely decarbonisation and digitalisation.

 

Kardham’s objective is clear: to consolidate its position as an independent market leader, while strengthening its areas of expertise through a targeted external growth strategy. The company also wants to accelerate its international expansion. With more than 600 employees in France, Germany, Spain, Portugal and Morocco, and working with more than 50 European countries, the group will have sales of nearly €150 million by 2023.

 

Kardham anticipates strong growth in the decarbonisation of buildings, a major trend for the coming years, with a focus on optimising workspaces and creating intelligent buildings. They have already completed some landmark developments, such as BPCE’s headquarters in the Duo towers in Austerlitz (Paris 13th) and the Well22 tower in Luxembourg, which focuses on employee well-being and energy efficiency.

 

To support this growth, Kardham is strengthening its governance under the leadership of Jean-François Couëc, extending the responsibilities of David Habrias and Roman Coste on the management committee, and appointing new managing directors.

 

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STAKEHOLDERS

 

Investors

GENEO Capital Entrepreneur (François Picarle, Marie Kirch), Bpifrance Investissement (Axel Piriou, Vincent Charles),

 

Legal advice for managers

Bolze et Associés (Eric Bolze) – Conseil financier Dirigeants : G2 Invest (Guillaume Somekh)

 

Investor legal advice

Joffe & Associés (Romain Soiron, Aymeric Dégremont, Paddy Pascot) – Due Diligence financière : Advolis (Damien Bourg, Marion Bernadou).

 

Joffe & Associés (Thomas Saltiel, Rudy Diamant, Paddy Pascot and Clémence Bressolin) is advising ITK on its acquisition by leading livestock services provider Innoval. The group, based in Noyal-sur-Vilaine, is acquiring a stake in ITK, a company specialising in artificial intelligence for agriculture.

 

Based in Ille-et-Vilaine, the Innoval cooperative group has 30,000 member farmers and employs more than 1,800 people in 26 French départements, mainly in the Grand Ouest region. In 2022, Innoval is forecasting sales of almost €210,327,000. ITK uses science and artificial intelligence to develop solutions aimed at improving the technical, economic and environmental performance of agricultural production systems, through its 3 production sites: Rennes, Montpellier and San Francisco.

 

On Tuesday 31 October 2023, Innoval announced that it had become the majority shareholder in ITK. This transaction marks the withdrawal of Starquest and the EDF group, which had increased its stake in December 2021. The founder and chairman of ITK, Eric Jallas, who returned to head the company last January, has been replaced.

 

With this acquisition, Innoval Group aims to accelerate the modernisation of its customers’ farms. Yann Lecointre, the group’s founder, believes that by joining forces with ITK, the group is strengthening its capacity for innovation, moving from observing events on farms to anticipating them.