Core Finance acted as the exclusive buy-side advisor to Germany-based Aareon Group, Europe’s trusted provider of SaaS solutions for the property industry and a portfolio company of TPG, CDPQ and Advent International, on its signed acquisition of Apsiyon, one of Türkiye’s leading property management SaaS providers. The transaction is subject to approval by the Turkish Competition Authority.
This strategic agreement represents a significant milestone in Aareon’s ambition to build on its strong European position and expand into high-growth international markets.
Aareon is a leading European provider of mission-critical SaaS solutions for the residential and commercial real estate sectors. Backed by TPG, CDPQ and Advent International, the Group supports the digital transformation of property managers through an integrated, end-to-end platform that streamlines operations, connects stakeholders, and enhances communication throughout the property lifecycle.
Founded in 2012, Apsiyon offers a cloud-native, best-in-class platform for residential community and property management in Türkiye, serving more than 23,000 communities, 1.6 million housing units, and 4 million residents. Its all-in-one suite covers accounting, finance, CRM, ERP, communications, online payments, and security, enhanced by AI-powered automation and a growing portfolio of value-added services.
The acquisition brings together Aareon’s pan-European scale and sector expertise with Apsiyon’s advanced technology and deep local presence. As part of the Aareon Group, Apsiyon will accelerate innovation, elevate customer experience, and strengthen the Group’s long-term growth in one of EMEA’s largest and fastest-digitizing housing markets.
Harry Thomsen, CEO of Aareon Group, stated:
“Türkiye is one of Europe’s largest and most dynamic residential real estate markets, shaped by strong fundamentals and a growing demand for digital solutions. By partnering with Apsiyon, an innovative company led by a highly talented team, we are combining deep sector expertise with proven technology to help property managers work more efficiently.”
Kudret Türk, CEO & Co-Founder of Apsiyon, commented:
“Becoming part of Aareon Group opens new perspectives for Apsiyon. We look forward to combining our market understanding and technological leadership with Aareon’s pan-European know-how to continue delivering real value and innovation for our customers.”
This transaction reinforces Core Finance’s position as the leading cross-border technology and B2B SaaS M&A advisor across Türkiye & MENA, underscoring the firm’s ability to execute complex international mandates and deliver high-impact outcomes for global acquirers.
Tier-1 strategics and top institutional investors, including global software platforms, private equity firms, sovereign wealth funds, and technology consolidators, consistently choose Core Finance for its deep sector expertise, extensive regional reach, and proven track record of closing landmark transactions across Türkiye and the broader MENA digital ecosystem.