idiCo, a Paris-based investment management firm, has invested €8M in Loré, a Bordeaux-based company specializing in real estate tax and investment software. This transaction is part of a primary Leveraged Buyout (LBO) and represents the first investment under idiCo’s Expansion 4 fund. Loré aims to expand its IT solutions across the real estate sector, making property tax management more efficient and transparent.
idiCo’s investment in Loré marks a significant milestone for both companies, following Loré’s recent launch of Alfons, a digital platform for managing local taxes on commercial and industrial properties. Over the years, Loré has grown notably, particularly with its WIM platform that automates property tax management. This growth aligns with idiCo’s strategy of supporting innovative businesses in the real estate sector.
Significant Growth and Innovations
Founded in 2009 by Charlotte Valette, Loré combines financial consulting with technology to aid real estate clients in strategic financial management. The company’s SaaS solutions, particularly the WIM platform, have driven its growth by automating tax management processes. Loré forecasts over €5M in sales for 2024 and serves more than 250 businesses, with an aim to broaden its IT solutions across the sector.
Earlier this year, Loré introduced Alfons, a digital platform designed to optimize local taxes on commercial and industrial properties. This innovation has helped Loré solidify its presence in the real estate market and expand its client base, further supported by idiCo’s investment. The partnership with idiCo is expected to accelerate Loré’s growth and expand its market share, especially in the social housing sector.
Promising Partnership and Future Plans
Loré’s recent acquisition of a stake in Foncière Habitat et Humanisme aligns with its mission to improve access to stable housing for vulnerable populations. With idiCo’s backing, Loré aims to continue this trajectory, focusing on organic growth and strategic acquisitions. Charlotte Valette, Director and co-founder of Loré, expressed enthusiasm about the partnership with idiCo.
“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,” said Valette.
idiCo executives also shared their optimism. Frédéric Mimoun, Managing Partner of idiCo, and Jean-Marie Giannettini, Investment Director, highlighted Loré’s knowledgeable management team and solid technological base. They believe Loré is well-positioned to accelerate its development, both organically and through acquisitions.
Founded in 2009, Loré has consistently focused on meeting market needs with innovative solutions in the real estate sector. This €8M investment from idiCo’s Expansion 4 fund is set to further bolster Loré’s capabilities and market position. The partnership aims to leverage Loré’s robust technological and human resources to drive growth and enhance its service offerings.
idiCo, a subsidiary of the IDI Group, is known for its private equity and private debt investments in small to mid-sized French companies. By supporting businesses like Loré, idiCo continues its strategy of fostering innovative and growth-oriented enterprises. This investment is a testament to both companies’ commitment to technological advancements and strategic expansion in the real estate sector.
