IK Investment Partners and Five Arrows Principal Investments have acquired I@D, a services platform for independent real estate agents in France.
In June, IK announced it had entered into an exclusivity agreement to acquire a majority stake in the group with the support of Five Arrows, the corporate private equity business of Rothschild Merchant...
LP has previously made investments in CVC's European funds, as well as many mid-market funds
First funding round will support the group's expansion overseas
Shares are placed at €31.60 apiece, which would bring total proceeds up to €411m
Allianz will secure a minority stake, and a representative will join the management board