mynth
06/2016

IK PARTNERS & FIVE ARROWS take majority stake in IAD

FRANCE Media & Internet / E-commerce & Marketplaces REV 50M - 100M EUR

Context

IK Investment Partners, together with Five Arrows Principal Investments, is acquiring a majority stake in I@D Holding through a newly formed holding company. The transaction follows an exclusivity agreement signed with the founders and Naxicap Partners, and it will be completed subject to customary legal and regulatory approvals. The investors will combine capital contributions with a unitranche facility provided by Permira Debt Managers to finance the purchase and support future growth initiatives. The acquisition aligns with IK's strategy to expand its portfolio of technology‑enabled service platforms in the real estate sector, while Five Arrows seeks to deepen its exposure to high‑growth European business services. Both firms view I@D as a vehicle to leverage its extensive agent network and digital tools, enabling cross‑selling opportunities and operational synergies across their existing holdings. The deal also provides a platform for further geographic expansion, particularly in Southern Europe, where I@D has already established a presence. Post‑closing, the new owners plan to integrate I@D's technology stack with their broader portfolio resources, enhance the service catalogue, and accelerate agent acquisition through targeted marketing and product development. The combined expertise is expected to improve cost efficiency, increase market penetration, and drive sustainable revenue growth across the French and Portuguese markets.

IAD, which reported an EBITDA margin of in 2016, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).

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Target

IAD was founded in 2008 as a services platform for independent real estate consultants operating under an alternative intermediation model. The company provides a suite of tools that includes property listing publication, agent training programmes, legal assistance, and rental‑management solutions. Its platform aggregates more than three thousand independent agents who rely on the service suite to conduct transactions across the French residential market. Headquartered in Lieusaint, the firm employs sixty‑four staff members who maintain the technology infrastructure, coordinate training, and manage regulatory compliance. IAD continuously refines its digital offering, integrating new modules such as client relationship management and automated valuation tools to enhance agent productivity. The platform’s revenue model combines subscription fees, transaction‑based commissions, and value‑added service charges, creating recurring income streams tied to agent activity.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2016
2015

Other operations with IAD

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
02/2021INSIGHT PARTNERSIADFRANCEE-commerce & Marketplaces
09/2020IADNEXIMOMEXICOE-commerce & Marketplaces

REFERENCES

Revenue range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of IAD by IK PARTNERS / FIVE ARROWS are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: iad

Acquirer: ik partners / five arrows