Weinberg Capital Partners

Investment year
2021
Lead team
C. Weinberg
A. Wathier
T. Hélias
www.residis.fr
  • Expertise
    Impact
  • Fund
    WCP IMPACT DEV#1
  • Status
    In portfolio
  • Geographical area
    France
  • Business sector
    Accommodation

Company overview

Founded in 2008, Résidis is one of the leading players in the Île-de-France region, with more than 3,000 overnight stays per day. Résidences solidaires are temporary accommodation solutions for people experiencing social and financial difficulties (single women with children, single men, migrants, asylum seekers, etc.). As a benchmark private operator, Résidis offers a credible alternative to social housing, based on a high-quality accommodation service at a competitive price.

Résidis is uniquely positioned as a facilitator committed to improving the quality of life and integration of residents, enabling the Group to benefit from long-term, trust-based relationships with clients.

Our approach

Through this investment, Weinberg Capital Partners aims to support and facilitate the reintegration of vulnerable populations housed by Résidis. The means put in place to achieve this objective are threefold :

  • continuous improvement in hospitality services;
  • the development of family-friendly spaces within the apartment buildings;
  • the development of partnerships with non-profits to provide long-term assistance to residents.

Under the impetus of shareholders Metric Capital Partners and Weinberg Capital Partners, Résidis acquired its main competitor Logely in early 2024. The combined entity would become the leading provider of shared accommodation in the Paris region, with 19 residences and a market share of over 18% in the region and 11% nationwide.

Key   figures

“We aim to offer much more than just shelter to our residents. We provide best-in-class temporary housing and work as a facilitator to help our residents on the path toward social integration as part of an ambitious organization-wide impact project. To this end, Résidis works closely with French social housing operators, with the aim of promoting autonomy for tenants.”
Alexandre Fedoroff – CEO of Résidis

Making a difference

Résidis is committed to ensuring that every one of its residents is decently housed by requiring compliance with shared standards for quality services and by maintaining a safe environment at all its properties. On a day-to-day basis, it works with non-profits to make sure that its apartment buildings are integrated with the city, helping them to serve as genuine springboards in shaping their residents’ future plans. In addition, Résidis is committed to improving the environmental impact of its properties while enhancing quality of life for their residents. Local authority satisfaction is also a key priority for the organization.