About us

Success story

Create a leading player in
digital real estate transactions

The operation driven by Sparring Capital alongside a new manager
has led to a fivefold increase in the size of Propriétés Privées in 4 years.


In a real estate transaction market which, due to the emergence of digital tools, is undergoing a profound transformation in favor of networks of agents, Sparring Capital is supporting the development of the Propriétés Privées Group, a pioneering network of independent negotiators, to make it one of the leaders in the sector.

The network, created in 2006, was taken over from its founder in 2016 with a new management team that has profoundly transformed it.

Particular efforts have been made in recruiting and developing the loyalty of the negotiators. In 4 years, the group has gone from 500 to more than 3000 negotiators. The multitude and relevance of the training and sales support tools developed and made available to negotiators, make Propriétés Privées the network with the best satisfaction and retention rate for its negotiators.


Formalizing commitments to diversity and equal opportunity.

Implementing a company policy and integration of anti-fraud and anti-money laundering measures in training plans.

Sparring Capital’s added value

As part of an ambitious growth project, Sparring Capital has resolutely supported the management’s growth project from the beginning of the handover of the operational management to the new team.

Sparring Capital has been involved in facilitating the transition and setting up a new governance and performance measurement tools.

The latter were designed with the management team in order to provide the company with fine, relevant and reliable indicators.

Sparring systematically supported the team in its test & learn approach, whether it was for the recruitment of negotiators or for the conquest of mandates.

Sparring has worked alongside the team in the renewal of its business tools and in the development of new value-added services.

Several external growth project have been undertaken since the acquisition, leading to the integration of 4 new companies in 4 years. Allowing the company to diversify into rental management and brokerage.

Financial engineering
to boost growth

The implementation of innovative financing solutions with Sparring Capital
enabled the group to accelerate its growth through the acquisition of NPL.


This market, which is in full development due to the various constraints encouraging banks to sell their NPLs, was not
very mature in France compared to many other European countries.

Due to its excellent reputation with banking institutions and the quality of its know-how, NACC had strong
development potential in its market.

Thanks to the receivables financing solutions implemented by Sparring when it acquired a stake in NACC, the
company tripled in size in less than 3 years. NACC has thus quickly reached critical size, establishing itself as a key
player in the French market and considerably increasing its attractiveness to potential international buyers.


A proactive approach to dematerializing documentation and reducing the carbon footprint linked to inter-site travel.

Implementing a company policy and integration of anti-fraud and anti-money laundering measures in training plans.

Sparring Capital’s added value

Strategic roadmap

Financing solutions available from day one to stimulate portfolio acquisitions and ERC growth (€60 million raised). An external growth transaction in the French overseas departments and territories to optimize collection procedures in these regions.


Strengthening of the financial function (recruitment of a CFO) Structural recruitment in the operational teams in metropolitan France and overseas (legal, commercial, recovery).

Tools and KPI

Improvement of pricing and portfolio performance monitoring tools.
Change of business ERP resulting in major productivity gains in

Develop and diversify a group
in the most attractive area of ​​a fragmented market

External growth operations carried out since the entry of
Sparring have enabled the group to revitalize and expand its activities.


Sparring Capital has been supporting Weetec’s growth since 2019 and has quickly revived the group’s external growth policy. Indeed, in the 12 months following the investment, the group completed two operations enabling to grow from around €50M in revenues to nearly €80M.

Specialist in high and low voltage electrical engineering for 35 years, mainly in renovation work in the Paris region, the group has been able to diversify into HVAC engineering and strengthen its position in social housing.

In addition to external growth, the group has continued its organic development dynamic with the expansion of new offers adapted to the needs of its customers. By structuring a specific approach to address new segments, the group has also consolidated its quality positioning in the Paris region over the last few years in a variety of sectors.


Major efforts on safety in order to reduce the accident rate. Development of the employer brand to attract and keep qualified employees.

“Ethics Code” already in place in the Group. Analysis of potential certifications.

Sparring Capital’s added value

Sparring boosts Weetec’s development through:

A strong involvement in external growth operations, initiated prior to the investment in the group’s capital. Pro-active sourcing and the implementation of adapted financing solutions allowed Weetec to strengthen and complete its positioning very early in the transaction cycle.

The emergence of a common brand facilitating the integration and the feeling of belonging of each entity to the same group and improving the attractiveness of Weetec in terms of recruitment and retention of talents.

The reinforcement of internal tools and procedures in line with Weetec’s strong growth and development strategy in order to improve the precision of the group’s management, notably in terms of synergy between the different entities.

At the same time, the group has initiated an ESG policy by developing a roadmap of priority themes for the coming years.

European leader in preventive
maintenance of infrastructures

Infraneo, or the emergence of a European leader
in preventive maintenance of infrastructures


Sparring Capital has been supporting the development of Infraneo (ex-GSRI), an engineering group specialized in the management of infrastructures, since 2018. In a fragmented market context and after a successful management transfer, the company was able to launch its external growth policy and start its European development. Since then, the group has carried out two structuring external growth operations that have quadrupled its turnover from €13m to nearly €50m in three years.

Specialist in inspection and diagnostics for the maintenance of underground structures, engineering structures and buildings, the group has strengthened its original activity and diversified in soil engineering and pipeline protection. The external growth operations carried out also allowed the group to expand its footprint and establish itself in Germany, after a successful organic development of its activities in Belgium and Spain.

The group renamed itself Infraneo in 2021 in the continuity of the integration of acquired companies and the change of dimension.


Implementation of measures to improve working conditions (remuneration policy and bonuses, annual interviews, events and seminars, training).

Proactive approach to reduce carbon footprint (vehicle policy, identification of sensitive waste, monitoring of CO2 consumption).

Sparring Capital’s added value

Sparring Capital supported the company in its management transition (identification and recruitment of the new manager) and the implementation of its external growth strategy through:

Strong involvement in build-up operations, from sourcing to execution of operations with in particular due diligence work, negotiation of legal documentation and establishment of suitable financing. Sparring Capital has the ability to reinvest in capital during external growth operations.

The emergence of a common identity facilitating the integration of build-ups, reflecting the group’s size and improving its attractiveness for talent recruitment.

Implementing value-sharing tools to attract and retain talent.

The implementation of optimized reporting tools common to each group entity to facilitate financial and operational monitoring.

In line with Sparring’s ESG policy, an ESG audit was carried out to enable the group to set up an ESG action plan and to identify priority themes.