Co-living provider Habyt has announced the acquisition of Quarters, the largest co-living company in Europe. This is Habyt’s third successfully completed acquisition in the past 12 months and a major milestone on their path toward the top of the coliving sector.
Habyt continues its buy and build strategy to consolidate the European co-living sector. With Quarters, Habyt will continue its plan of aggressive growth while focusing on building a sustainable and profitable business. After Erasmo’s Room and Goliving, Quarters is Habyt’s third and biggest addition to its portfolio.
Quarters was founded in 2012 in Berlin as one of the first co-living providers globally. Over the past few years it has grown 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.
“This is one of the most important achievements of our company so far. We started four years ago with one property in the centre of Berlin and we can now count on over 4000 units across 13 cities and 5 countries.
“However, this step is not only about expanding our portfolio. Quarters has a very strong and talented team, who has built an impressive community and customer experience – offline and online. Its proprietary tech is unique in our sector – something we look forward to integrating and adopting throughout our group in the upcoming weeks and months.“Luca Bovone, CEO, Habyt
Stephan Kolmann from KJK in Munich were Quarters’ legal advisor. Stephan expressed that they reached all their objectives in the process in record time. Berlin based BMH Bräutigam has been the legal advisor on the buyer’s side.
“Habyt‘s M&A track record demonstrates impressive agility and speed. They are experienced in integrating new teams and technologies and I have no doubt that this move will make the group the sector’s leader in Europe and possibly across the globe.”Ferdinand von Fumetti, Co-Founder, Quarters
Habyt was founded in 2017 by CEO Luca Bovone. The company has shown consistent and impressive growth across Europe since its inception. All parties in this deal have agreed not to disclose details of the transaction.