Insight Partners Acquires Iad
Paul Hastings advised Insights Partners on its investment in Iad, a European digital real estate broker.
Insight Partners entered into an agreement with Five Arrows Principal Investments (Five Arrows), IK Partners (IK) and Naxicap Partners to invest in Iad alongside Iad’s founders, Malik Benrejdal, Jade Benrejdal and Jerome Chabin. Insight Partners intends to support Iad and its management team in its ambitious development plan, notably by accelerating its international expansion both organically and through acquisitions.
Iad is a European digital real estate broker with a network of over 14,000 independent real estate agents, across six countries, underpinned by a proprietary end-to-end technology platform which serves the entire transaction lifecycle from sourcing of mandates through to execution, signing and closing. Founded in 2008 and headquartered in Lieusaint, France, iad employs over 300 people and generated more than €300M of revenue in 2020.
Paul Hastings’ team on this transaction was led by Arthur de Baudry d’Asson (partner) and included Sébastien Crepy (partner), Nicolas Lovas, Amandine Delannoy and Moussa Mbodji (associates) on the corporate aspects, Allard de Waal (partner) and Thomas Pulcini (associate) on the tax aspects, Olivier Vermeulen and Tereza Courmont Vlkova (partners) on the financing aspects, Camille Paulhac (partner) and Juliette Hua (associate) on the antitrust aspects, as well as Stéphane Henry (partner) on the employment aspects of the transaction.