Deal Type

  • M&A

Avolta Partners is proud to have acted as the sole financial advisor to Homepilot and its shareholders on its sale to French unicorn iad (backed by Insight Partners, IK Partners, Five Arrows and Naxicap).

Launched in 2017, Homepilot is the first rental management start-up in France. It combines a digital platform using automated data processing technologies with the expertise of real estate specialists who advise and support customers. The solution aims to enable landlords to improve the return on their investment, reduce vacancies, unpaid rent, and expenditure on works, while giving them access to all the information in real-time.

With a French rental management market estimated at around €6 billion, Homepilot manages more than €1 billion of property assets, i.e. several thousand lots in France, the vast majority in the residential sector. The company has a turnover of €3M and employs 40 people in Paris.

Created in 2008, iad owes its success to the combination of the digitalisation of the estate agency and network marketing, which puts digital at the service of the human. With a turnover exceeding 526 million euros in 2022 and annual growth of more than 30% vs 2021, iad raised €300m in 2021 with Insight Partners with the ambition to become number 1 worldwide.

Joining iad will enable Homepilot to strengthen its local presence by relying on iad’s network of more than 15,000 affiliated real estate agents throughout France. In addition, iad’s experience and resources will enable Homepilot to accelerate its ambitious strategy of organic and external growth with the integration of real estate agencies and rental management portfolios.

This is the 4th transaction for Avolta / Alantra in Proptech in 2022, confirming our leadership in this industry, having advised this year Raizers on its sale to Empruntis (Bridgepoint), Habiteo on its sale to Bienici (Nexity, Arche) and Oryx Group (Propriétés Privées) on its LBO with Tikehau Capital, Five Arrows and Abenex. 
This adds up with previous transactions in the Proptech industry such as Fundimmo on its sale to Atland, and Qarnot Computing on its Series B with A/O Proptech, CDC, Engie, and Casino, among many others.