Neinor Homes Takes 10% Stake in Promociones Habitat as Part of €700mn JV with Bain Capital
September 22, 2024
Neinor Homes has agreed to acquire a 10% stake in Promociones Habitat, S.A. (Habitat) from Merak IMS, S.L. (a Bain Capital-controlled holding) and will provide development and management services to Habitat's assets as part of a new €700 million joint venture with Bain Capital. Habitat's land bank can support c.8,000 housing units (c.4,000 launched), and the partnership is intended to accelerate Neinor's JV pipeline and scale Habitat's residential development platform across Spain.
- Buyers
- Neinor Homes
- Targets
- Promociones Habitat, S.A. (Habitat Inmobiliaria)
- Sellers
- Merak IMS, S.L. (holding company controlled by Bain Capital-managed funds)
- Industry
- Real Estate
- Location
- Madrid, Spain
- Transaction Type
- Growth capital
Explore More
Related Acquisitions
-
Aventia (Bernhard Capital-Backed) Acquires Habitat Management, Inc.
May 27, 2025
Environmental Services
Aventia, a Bernhard Capital Partners-backed environmental services platform, has acquired Habitat Management, Inc. (HMI), a Colorado-based natural resource management and ecological consulting firm. The add-on deal expands Aventia's field capabilities in reclamation, restoration, mitigation and water resources across the Rocky Mountain region and nationwide; financial terms were not disclosed.
-
Novo Holdings Takes 25% Minority Stake in NREP
May 5, 2020
Real Estate
Novo Holdings has made a triple‑digit million euro minority investment to acquire a 25% stake in Nordic Real Estate Partners (NREP), becoming the first external investor in the partner-based company. The capital will help NREP accelerate investments in technology, sustainability and organizational capabilities as it pursues international growth; Novo Holdings' Morten Beck Jørgensen will join NREP's board.
-
Norvestor Acquires Majority Stake in PHM Group
March 11, 2020
Professional Services
Norvestor has signed an agreement to acquire a majority of the shares in PHM Holding Oy (PHM), a Finland-headquartered residential and commercial property maintenance services provider. The transaction backs PHM's Nordic expansion and consolidation strategy alongside existing owner Intera Fund III Ky and management, with PHM reporting ~€120m revenue and ~1,200 employees.
-
Bain Capital to Acquire 90% Stake in Adani Capital and Adani Housing Finance
July 23, 2023
Financial Services
Bain Capital has entered into a definitive agreement to acquire 90% of Adani Capital and Adani Housing (Adani Housing Finance), buying out the Adani family's private investments while Gaurav Gupta will roll his stake and remain CEO. Bain is committing approximately $120 million (INR 1,000 crore) of primary capital and providing a $50 million liquidity line to support growth as the lenders scale MSME, housing and rural lending; the deal is expected to close in Q4 2023 subject to approvals.
-
PHM Group (Norvestor-backed) Acquires Kotikatu Holding Oy
September 24, 2020
Real Estate
PHM Group, majority owned by a fund managed by Norvestor, has agreed to acquire Kotikatu Holding Oy, a leading residential property maintenance services provider in Finland. The transaction creates a larger Nordic residential property maintenance group with expanded presence across Finland and Sweden, accelerating PHM's Nordic expansion and consolidation strategy as a Norvestor-backed platform.
-
ProA Capital Acquires Majority Stake in La Casa de las Carcasas
September 3, 2021
Retail
ProA Capital has purchased a majority stake in La Casa de las Carcasas in a transaction valued at more than €100 million; founder Ismael Villalobos remains as a minority shareholder. The deal aims to accelerate the retail chain's international expansion — the company operates nearly 260 stores (headquartered in Jaraíz de la Vera, Cáceres) and plans further growth across Europe and Latin America.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.