Saxenhammer & Co. advises Habyt GmbH on the acquisition of Germany-based co-living company Quarters Holding GmbH
Berlin (Germany), March 12th, 2021 – Saxenhammer & Co. acted as the exclusive M&A advisor to Habyt GmbH for the acquisition of Quarters Holding GmbH, the largest European co-living company.
For Habyt the transaction marks a major milestone on their path towards the top of the co-living sector as the company is now the leading co-living player in Europe and counts now over 4000 units across 13 cities and 5 countries. The parties have agreed not to disclose details of the transaction. Quarters was founded in 2012 in Berlin as one of the first co-living providers globally. In the past few years it grew into one of the largest and most renowned companies in the sector. After the recent closure of Quarters’ US entity, the self-administered restructuring process for its European business is now successfully completed.
The focused buy-side support by Saxenhammer & Co. resulted in an efficient process and in a successful transaction for Habyt, demonstrating the strengths of Saxenhammer & Co.
The Saxenhammer & Co. deal team was led by Dr. Nicholas Hanser (Partner, Head of Technology Investment Banking), who was supported by Hauke Helling (Vice President), Claire Liu (Analyst), and Fabian Kotek (Analyst). “We managed to efficiently execute the acquisition process despite a tight timeline and are delighted to have helped Habyt in becoming the European market leader for co-living”, said Dr. Nicholas Hanser.