NEON advises Habyt on merger with Common

12 January 2023 | NEON has advised the world’s largest co-living provider Habyt on its merger with the US market leader Common Living.

With the merger and now 30,000 units spread over 40 cities, 14 countries and 3 continents, Habyt becomes the global market leader in co-living. “The merger makes perfect sense for both companies – Habyt had no presence in North America and Common had none in Europe,” says Luca Bovone, founder and CEO of Habyt. Both companies are looking back on a commercially successful 2022 and plan to double business in 2023.

In the future, the merged company will be managed from Berlin by Habyt CEO Luca Bovone. Notable investors in the group include P101, Vorwerk Ventures, DI Capital Solutions, Sequoia and Mitsubishi.

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 financings (most recently with regard to the € 15 million venture loan from Viola Credit).