The Nantes-based group Oryx, owner of proprietes-privees.com, which is a network of independent property agents, has raised €100 million thanks to the arrival of new shareholders within its capital. The two investment funds Tikehau and Abénex have acquired a stake in the company, while Oryx’s managers have become majority shareholders.
Founded in 2006, Oryx can count on new shareholders to reach its goals. The group, which supplies independent property agents with a digital platform, aims to continue its growth and develop its digital services. Since the company was taken over in 2016, the turnover has multiplied by 10 meaning that €75 million was reached at the end of 2021.
Supporting the development of Oryx’s technological platform
Oryx, whose main brand is Proprietes-privees.com, has raised €100 million from new shareholders, including investors Tikehau Capital and Abénex. With this operation, Oryx’s managers Michel Le Bras and Christine Cadrot, who took over the company in 2016, have also become majority owners.
This new investment will be used “to further develop the technology platform so that its independent property consultants can further enhance their competitive advantage in the market”, explains the company at a press release. According to the French financial newspaper Les Echos, this operation will also allow Oryx to acquire complementary networks, as it has already done with Immoréseau and Rezoximo, and enable international development.
35% annual growth rate
Oryx announced a turnover of €75 million at the end of 2021, with a growth rate of 35% per year for the last five years. The company brings together 3,500 real estate agents and employs 80 people in Nantes, Atlantic France.
Proprietes-privees.com now claims to be the third largest real estate network in France after IAD and Safti. The €100 million fundraising should allow the company to continue with this growth and reach a €300 million turnover within five years.