De Pardieu advises The Boost Society on the setting-up of €64 M Bank Loan

De Pardieu has advised The Boost Society, the French leader in the co-living market, on the setting-up of a €614 million financing with six banks. It represents the largest financing deal in the student residence and co-living sector in France, thereby raising the Group’s investment capacity to €1.3 billion.

Founded in 2014 and then acquired by AXA IM Alts in 2019, The Boost Society group has become the French leader in the co-living market in less than 5 years as an investor, owner and operator. Its rapid success stems from a pioneering and innovative concept tailored to each target.

This €614 million financing has been arranged with six banks: Natixis Corporate & Investment Banking (facility agent), Société Générale (documentation agent), BNP Paribas, Crédit Agricole CIB, HSBC Continental Europe et ING (“green” coordinator). The sum of €541 million has been raised under a “green” financing. This transaction occurs just three months after a historic €660 million fundraising with international institutional investors and the Norwegian sovereign wealth fund Norges Bank Investment Management.