AXA IM Alts Divests 40% Stake in The Boost Society to Norges Bank

Deal News | Jul 18, 2025 | Orrick, Herrington & Sutcliffe

AXA IM Alts Divests 40% Stake in The Boost Society to Norges Bank

AXA IM Alts has divested a 40% stake in The Boost Society, a platform focused on student housing and co-living, to Norges Bank Investment Management. Orrick, Herrington & Sutcliffe served as advisors to AXA IM Alts for this transaction. Additionally, AXA IM Alts secured €660 million in third-party capital to bolster its European Student Accommodation Strategy. The sale provides The Boost Society with enhanced capacity to expand its leadership position in France's student housing sector. Norges Bank Investment Management, the central bank's asset management arm, brings renewed expertise and resources to the now-strengthened partnership, promising significant growth potential.

Sectors

  • Alternative Investments
  • Real Estate

Geography

  • France – The Boost Society operates within the French student housing and co-living market.
  • Norway – Norges Bank Investment Management is the asset management unit of Norway's central bank involved in the transaction.

Industry

  • Alternative Investments – The article involves transactions related to alternative investment management, showcasing strategic portfolio adjustments typical in the industry.
  • Real Estate – This sector classification is pertinent because The Boost Society is heavily involved in student housing and co-living spaces, which are key segments of the real estate market.

Financials

  • 660 million – The amount in third-party capital AXA IM Alts secured for its European Student Accommodation Strategy.

Participants

NameRoleTypeDescription
AXA IM AltsSelling CompanyCompanyA global leader in alternative investments managing 186 billion in assets.
The Boost SocietyTarget CompanyCompanyA student housing and co-living operator part of AXA IM Alts' portfolio.
Norges Bank Investment ManagementBidding CompanybuyerCompanyThe asset management arm of Norway's central bank.
Orrick, Herrington & SutcliffeLegal AdvisorCompanyProvided advisory services to AXA IM Alts for the equity transaction.