Permira has acquired a 36 per cent stake in New Immo Group, a specialist in digital real estate in France through the SAFTI and megAgence brands, via its Permira Growth Opportunities Fund.

The company’s co-founders and managers are the majority shareholders. Qualium Investissement, who originally invested in New Immo Group in 2018, will retain its stake in the company.

“In addition to the growth achieved by SAFTI and megAgence, this investment reinforces our strategic vision. Customers and real estate agents are always looking to reduce the time transactions take, costs and the lack of transparency. We think that our innovative model as a “digital agency” is a real strength in answering those problems. With Permira as a shareholder, their track record in tech investment and their experience in companies’ internalisation, New Immo Group is now right on track to become tomorrow’s leader in European real estate. We would also like to thank Qualium Investissement for their support over the last few years and appreciate their confidence by being at our side in this new chapter,” says Gabriel Pacheco, founder of and CEO of New Immo Group.

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Source: Private Equity Wire