Akerys (finance / real estate)
Date of initial investment: January 2004 (secondary LBO);
Control acquired: July 2006 (tertiary LBO)
Qualis’ stake: 75% in July 2007
| € million | 30-04-2005 | 30-04-2006 | 30-04-2007 |
|---|---|---|---|
| Sales | 689.1 | 789.7 | 815 |
| EBITA | 100.0 | 105.3 | 100.3 |
| Net profit (IFRS) | 57.8 | 61.3 | 65 |
Market position
Akerys was formed from a merger between Actif+ and IFB, and is one of France’s top three real estate developers. It leads the French rental investment market, and its strategy is to become a diversified developer, also operating in first-time-buyer homes, social housing, serviced residences and fitting. Akerys also offers real estate investment products, enabling individuals to buy an apartment to let using the Robien tax incentives. Akerys operates at every stage of the value chain (construction, marketing, rental, management and insurance). This allows it to take an integrated approach and offer a turnkey service that meets all the requirements of both of its customer categories, i.e. investors and tenants. The company has industrialised its processes to a large extent, through constant value analyses of its four business segments.
Current position and outlook
In this fast-growing market, Akerys has quickly proven its ability to develop a profitable and solid business model in the last few years. Since 2006, to maintain its growth, Akerys has developed building programs for home ownership, which give it exposure to the combined rental/home ownership programmes that are increasingly required by local authorities. The Group is also exploring other developments regarding specialised residences, such as residences with services.
AKERYS
Tour Montparnasse - 33 Avenue du Maine
75015 PARIS
President : François JOUVEN
Tel : + 33 (0)1 45 38 77 20
Website : www.akerys.fr