Perl

PERL created Usufruit Locatif Social, a public-private financing scheme for social housing in expensive areas where the lack of affordable housing is the greatest. Based in Paris, the company designs programmes and arranges financing by seperation of usufruct, sold to social housing companies, and bare ownership, which is marketed to investors as an effective retirement savings vehicle.

Chequers bought a stake in PERL to help the 4 founders to structure their fast-growing company and to ensure its development outside of the Paris region.

Value creation

The group maintained its strong growth while consolidating its revenue base, expanding its business to new geographical areas by opening several offices outside Paris, and developing its networks and new tools for marketing bare ownership as a savings tool. Chequers sold its stake in 2014 to Nexity, the leading French developper, for which PERL became a key strategic activity.

Investment year
2010
Turnover at acquisition
€0-100m
Type of operation
Development Capital
Business sector
B2B Services
Country
France