Core Finance served as exclusive buy-side advisor to Germany-based Aareon Group, a European SaaS solutions provider for the property sector backed by TPG, CDPQ, and Advent International, regarding its acquisition of Apsiyon, a Turkish property management platform.
This transaction marks a pivotal moment for Aareon’s expansion into emerging international markets while strengthening its established European footprint.
Aareon delivers mission-critical SaaS tools to residential and commercial real estate professionals, enabling digital transformation through integrated platforms that optimize operations and stakeholder connectivity.
Apsiyon, established in 2012, provides cloud-based property and community management solutions across Türkiye, serving over 23,000 communities, 1.6 million housing units, and 4 million residents. The platform encompasses accounting, finance, CRM, ERP, communications, online payments, and security features with AI-powered capabilities.
The combination leverages Aareon’s continental expertise alongside Apsiyon’s technological advancement and local market knowledge, positioning the merged entity for accelerated innovation in one of EMEA’s largest residential real estate markets.
CEO Harry Thomsen noted: “Türkiye is one of Europe’s largest and most dynamic residential real estate markets.”