Paris-based investment management firm idiCo has invested €8M in Loré, a Bordeaux-based company specialising in software for managing real estate tax and investment affairs, as part of a primary Leveraged Buyout (LBO).
This marks the first investment of the idiCo Expansion 4 fund.
Benjamin Arm, MD of idiCo, says, “We are proud to announce that our investment in Loré is the first commitment of the idiCo Expansion 4 fund, the fourth generation of idiCo’s small cap funds. We look forward to continuing our investments, given the very promising pipeline that is emerging.”
Brief about Loré
Founded in 2009 by Charlotte Valette, Loré merges financial consulting with information technology to help real estate clients in strategic financial management.
Loré, known for its SaaS solutions, claims to have experienced notable growth over the past four years due to its WIM platform. WIM is a web solution that automates property tax management, integrates data, and recalculates contributions, making it easier to track expenses and spot tax anomalies.
Based in Bordeaux with 35 employees, the company is projected to achieve over €5M in sales in 2024.
At the start of the year, Loré introduced Alfons, a digital platform for managing and optimising local taxes on commercial and industrial properties. The company now serves over 250 businesses and aims to expand its IT solutions across the entire real estate sector.
Support from idiCo
In 2023, Loré acquired a stake in Foncière Habitat et Humanisme, contributing to its mission of enhancing access to stable housing for individuals and families in vulnerable situations.
With idiCo’s support, Loré plans to sustain its growth, especially in the social housing sector, by expanding market share and developing new offerings, including those from the recent acquisition of Apoca.
Charlotte Valette, Director and co-founder of Loré, says, “We are delighted with this new partnership with idiCo and the confidence they have shown in us. We have met a committed team and a partner who will support us in our ambitious growth strategy.”
“For over 10 years, we have been striving to meet the needs of our market with innovative solutions. Today, we can count on solid foundations to accelerate our growth and become a key player in the real estate sector.”
Frédéric Mimoun, Managing Partner of idiCo, and Jean-Marie Giannettini, Investment Director of idiCo, add, “We met a management team that is both experienced and visionary, with very clear development priorities. Charlotte and Antoine Valette have a perfect command of their market and know how to meet its expectations with products that are tailored to its needs.”
“Thanks to a solid technological and human base, Loré is in an excellent position to accelerate its development through both organic growth and acquisitions.”
Brief about idiCo
idiCo, a subsidiary of the IDI Group and derived from Omnes Capital’s investment activity, is involved in private equity and private debt for small to lower-mid cap companies.
Authorised by the French Financial Markets Authority, idiCo invests in French SMEs and mid-sized companies through equity stakes or bond financing.
The firm employs three main strategies: lower-mid cap, small cap, and private debt. It manages nearly €1B in assets across 31 investments and has supported over 110 companies, focusing on healthcare, B2B services, technology, and industry sectors.
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