Information on the Target

Parte is a prominent provider of property management software and services, established in 2020 by Around Partners. Operating primarily in Belgium and Germany, Parte specializes in managing the communal areas of apartment buildings on behalf of homeowner associations, commonly referred to as ‘syndics’. The company utilizes its proprietary software platform to streamline various aspects of property management, including coordinating maintenance, financial oversight, legal compliance, and resident communications.

Currently, Parte manages over 5,000 buildings and employs more than 450 individuals across 27 regional offices. With a strong commitment to enhancing the quality of property management, Parte aims to become a leading name in residential property management across Central Europe.

Industry Overview in Belgium

The property management sector in Belgium is experiencing substantial transformation, driven by an influx of regulatory requirements, sustainability initiatives, and escalating expectations from residents. These changes necessitate advanced, tech-driven solutions that can address operational efficiency and service quality while complying with growing legal complexities.

As the demand for modern property management solutions rises, many companies are investing in technology to streamline their operations and improve customer interactions. This shift towards digitalization and sophisticated management systems is indicative of a broader trend influencing property management across Europe, particularly in regions like the DACH area.

Belgium's property management market also faces challenges such as increased competition and the need for sustained innovation to meet market demands. Companies like Parte that leverage technology to enhance their service offerings are better positioned to navigate these challenges effectively.

The Rationale Behind the Deal

The recent investment by Hg aims to accelerate Parte's growth within the Benelux and DACH markets, with the long-term goal of establishing the company as the foremost supplier of residential property management services across Central Europe. By integrating Hg's expertise and resources, Parte plans to enhance its technology capabilities, thereby improving operational efficiency and customer engagement.

Bram Coussement, the CEO of Parte, emphasized the significance of this partnership in achieving their vision to become the leading employer for property managers while delivering superior service through technological advancements. Hg's experience in scaling technology-enabled services will be a valuable asset as Parte aims to expand its geographical footprint.

Information about the Investor

Hg is a premier investor specializing in European and transatlantic software and services businesses. They take an active role in nurturing sector-leading enterprises that provide essential software applications and workflow services. Hg has accumulated approximately $100 billion in assets under management and supports over 50 companies, collectively valued at more than $180 billion.

With a strong presence in both Europe and North America, Hg leverages its vast network and operational resources to assist firms in achieving sustained growth, combined with deep market knowledge. Their goal is to create lasting value by providing strategic support to entrepreneurial leaders across various sectors.

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This investment partnership is poised to be a strategic move for both Hg and Parte. The growing property management sector in Belgium, with its increasing demand for digital solutions, presents a promising opportunity for Parte to capitalize on its existing infrastructure and expertise. By investing in AI and advanced technologies, Parte can distinguish itself from competitors, catering to the evolving needs of property managers and residents alike.

Hg’s experience in scaling tech-driven businesses will undoubtedly be beneficial for Parte as they embark on their growth journey. The need for smarter property management solutions that enhance efficiency and service delivery aligns well with Hg's capabilities in AI, which could significantly boost Parte’s operational processes.

Overall, the partnership appears to provide a solid foundation for Parte to expand its market reach and strengthen its position as a leader in AI-enabled property management in Europe. This strategic alignment is expected to yield favorable outcomes for both the investor and the company in the long term.

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