NEON advises Habyt on €15m venture loan from Viola Credit

27 April 2022 | NEON has advised Europe’s leading co-living provider Habyt on its merger with competitor Hmlet, including a €15 million venture debt financing from Israeli debt fund Viola Credit.

Following its recent merger with Hmlet, the largest co-living company in the Asia-Pacific region, Habyt now has over 8,000 units in 10 countries and 20 cities, making it the world’s largest co-living provider.

With the venture loan, Habyt aims to drive forward its growth target of 20,000 units by the end of 2022 or 30,000 co-living units by the end of 2023, as well as further internationalization.

Background:

NEON comprehensively accompanies Habyt on its rapid international expansion course, advising the co-living provider both on an ongoing basis in all corporate law matters, as well as on acquisitions (most recently on the takeover of Hmlet, Quarters and homefully) and financing.