Walter Billet Avocats (Fabien Billet) and Parallel Avocats (Jérémie Aflalo) advise Chez Nestor’s founders when joining DoveVivo

Chez Nestor, the leading pioneer of coliving in France, totalize more than 1.300 rooms in 6 towns. Advised by Walter Billet Avocats and Parallel Avocats on legal concerns, he joins the european platform DoveVivo – whose French subsidiary was launched in 2020.

DoveVivo, the management platform for the residential world in Europe, announces the acquisition of Chez Nestor, the French pioneer and leader of coliving. Founded in Lyon in 2012 by Hubert Dubois and Louis Bonduelle, it has progressively developed a service to help young people and digital nomads easily find all-inclusive, well-furnished accommodation with tailor-made premium services. The company has grown very fast in recent years and is now present with a team of 40 people in Lyon, Paris, Montpellier, Toulouse, Bordeaux and Lille.

DoveVivo launched its subsdiary in France in 2020 led by the Country Director Axelle Baillet and now has 500 beds between Paris and Lille. This acquisition will allow the two teams to join forces to accelerate growth in the French coliving market.

William Maggio, Founder and Chairman of DoveVivo, comments: “Chez Nestor has done an extraordinary job over the years and has created a strong company with a highly recognized brand through a team of young and passionate talents. We are very proud of this strategic operation which helps the Group to consolidate its leading position in the French market.”

The acquisition of Chez Nestor is part of the Group’s industrial development and internationalisation process. DoveVivo recently announced the conclusion of a new strategic investment of €50 million from controlled affiliates of Starwood Capital Group, a global private investment firm focused on real estate and energy investments, which owns about 22% of the company besides DV Holding SpA, a vehicle controlled by the founders Valerio Fonseca and William Maggio, and Tamburi Investment Partners SpA and Tikehau Capital – which joined the Group in 2019.

Louis Bonduelle, Founder and CEO of Chez Nestor, comments: “Chez Nestor and DoveVivo have an extremely close history and DNA, guided by a strong entrepreneurial vision, sharing the same approach to coliving, experiencing profitable and sustained growth since always, and sharing common values and ambition.

Walter Billet Avocats and Parallel Avocats have advised Chez Nestor’s founders on corporate matters of this transaction, with respectively a team composed of Fabien Billet, partner, and Elodie Vardon, and Jérémie Aflalo, partner.

De Pardieu Brocas Maffei advised DoveVivo with a team composed of Frédéric Keller, partner, and François Bourassin, for corporate concerns, as well as Emmanuel Fatôme, partner, in real estate law, Alexandre Blestel, partner, in tax law, Barbara Levy, partner, in IP law, and Philippe Rozec, partner, in social law.