123 Investment Managers (FR), an investment firm based in Paris, has acquired INFI (FR), a real estate financing company specializing in the overseas territories of France. The acquisition aims to strengthen 123 IM’s presence and expertise in these regions through the Girardin law, enhancing its ability to finance projects with significant social and environmental impact.
| Acquirer | 123 Investment Managers (FR) |
| Target | INFI (FR) |
| Deal type | Acquisition |
| Stake acquired | 100% |
| Close date | May 12, 2024 |
| Announcement date | May 12, 2024 |
| Deal value | Undisclosed |
| Buy-side financial advisors | Not disclosed |
| Sell-side financial advisors | Not disclosed |
| Legal buy-side advisors | Not disclosed |
| Legal sell-side advisors | Not disclosed |
The acquisition of INFI supports 123 IM’s strategy to enhance its expertise in financing projects under the Girardin law, which offers significant tax incentives for investments made in overseas territories. This move aligns with the firm's broader goal of building a platform focused on sustainable and impactful real estate investments.
INFI has been a key player in structuring project financings in French overseas departments and regions (DOM and COM) since 1989, contributing to over €3.5 billion worth of projects. The integration of INFI into the 123 IM ecosystem is expected to amplify its impact on real economies and support entrepreneurs with growth-oriented projects.
Financially, this acquisition complements 123 IM's existing portfolio of nearly €4.5 billion in non-listed assets across various sectors including energy transition and real estate investment. The deal further solidifies the firm’s commitment to supporting enterprises and entrepreneurs within its territories.
Advisors
The acquisition was completed without financial or legal advisors on either side, according to publicly available information.
Outlook
Xavier Anthonioz, President of 123 IM, commented that the strategic moves demonstrate the firm's dedication to building a leading investment platform in France with innovative and ambitious tools to support companies and entrepreneurs. The acquisition is part of a larger strategy aimed at anchoring the group in positive economic, environmental, and societal realities.