Abenex partners with LP Promotion

LP Promotion

Real estate development

Created in 1996, LP Promotion is a residential real estate developer mostly in the South West of France. It primarily operates in Toulouse, Bordeaux and more recently the Paris region, and addresses “buy-to-let investors”, “social housing” sales, and “owner-occupiers”. Since its creation, the group sold ~ 7000 home units through a multi-channel approach including: LP Promotion also manages seniors’ residences and students homes. – external sales: with national / regional selling networks and independent wealth management advisors – internal sales with: “in house” teams covering local customers and “social housing” sales in bulk. LP Promotion also manages seniors’ residences and students homes.

Date d'entrée au capital

April 2017

Type de deal

MBO

Chiffre d'affaires

200m€

Nombre d'employés

115

Date de cession

April 2021

Type de cession

Secondary LBO to Aermont Capital Real Estate Fund IV

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“Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.