Crowe HAF assisted Ardian Growth in its acquisition of a minority stake in Uptoo for a total of €10 million.
Founded in 2005, Uptoo is specialized in the recruitment of commercial profiles for companies, particularly via a digital platform.
With offices in Paris, Lyon, Bordeaux and Nantes, Uptoo is targeting €15 million in revenue for its 2018/2019 financial year and now wishes to launch an external growth strategy.
Olivier Grivillers acted as contribution auditor in the context of the transfer to the Swiss Life Asset Management group of a 28 real estate assets located in Paris and held by the Terreïs group, valued at €1.7 billion.
Swiss Life Asset Managers, which employs more than 1,600 people, has more than 160 years of experience in the management of the assets of the Swiss Life Group and in particular in the management of real estate assets in Europe. As at 30 June 2018, Swiss Life Asset Managers managed assets of 194.4 billion euros for the Swiss Life Group, of which 47 billion euros are invested in real estate.
Terreïs, a company listed on Euronext in Paris, is a real estate company whose assets consist of offices and retail premises located mainly in Paris CBD. The transaction covers approximately 72% of Terreïs' total assets as appraised as at 31 December 2018. As a result of this transaction, Terreïs retains a portfolio of assets with an appraised value at 31 December 2018 of approximately €600 million, including €150 million in non-strategic assets.