Latham & Watkins advises Permira in its minority investment in New Immo Group

New Immo Group, a leader in digital real estate in France through the SAFTI and megAgence brands, announced that Permira has acquired a 36% stake through its Permira Growth Opportunities Fund. This operation will allow the Group to significantly speed up its human, technological and international expansion to become the clear regional leader in the digital real estate sector. 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. 

Latham advises Permira on the transaction with a corporate team led by partners Thomas Forschbach and Alexander Crosthwaite with Simon Lange, Yiran Bai, Lucile Bernet, Agathe Joyce. Counsel Etienne Gentil with Matthieu Herviaux advised on the financing aspects, partner Matthias Rubner on employment law aspects and Floriane Cruchet and Daphnée Setondji on compliance aspects. In London, partners Tom Evans and Neil Campbell also advised on corporate matters.