Momento Capital partners with Mata Capital on the acquisition of Roof in France

Momento Capital, a specialist investment and asset-manager focused on living and hospitality, announces the closing of the transaction through which Mata Capital IM has taken a majority stake in Roof, the French student-housing operator. Momento worked alongside Mata throughout the acquisition process and will act as its operating partner, overseeing the end-to-end deployment – from sourcing and investment execution to development and operations – with the goal of building a best-in-class integrated PropCo/OpCo student housing platform.

The venture objective is to deploy up to 150 million euros over the medium term to acquire, refurbish and operate more than 1,000 beds in prime university locations. To date, an initial €20 million equity and around 50 million euros(including debt) have already been committed for the first assets. Roof’s model entails converting existing buildings into community-oriented residences that offer generous shared spaces – coworking areas, a gym, communal kitchens, cinema rooms – and 24/7 services to support students’ well-being.

This strategic partnership is driven by a shared vision to provide a scalable, concrete solution to the student-housing shortage, addressing structural supply constraints and the need for accommodation that truly meets students’ expectations for quality, services and community life.

By combining  Momento’s end-to-end investment and asset management expertise in the student housing sector, Mata’s structuring and capital deployment capabilities, and Roof’s proven operational model and product vision, the partners aim to deliver a scalable, high-performing student housing platform tailored to both investor expectations and evolving student needs.

Edoardo Volpi, Partner at Momento Capital, said: “We are proud to have worked alongside Mata Capital on this acquisition and to oversee the rollout of the platform. This partnership underscores our commitment, as operating partner, to delivering integrated solutions for institutional investors across the full investment lifecycle – from investment and development to operations – and to positioning ourselves as a reference player in the student housing sector. We look forward to building this platform together with Mata and Roof.”

Thomas de Ridder, Managing Director at Mata Capital IM, added: “This partnership marks a key step in our student housing strategy. With Momento Capital as operating partner, we gain a trusted team with extensive sector expertise and a strong execution track record. The combination of Momento’s know-how in student housing investment and asset management, Mata’s structuring and capital deployment capabilities, and Roof’s proven operational model enables the creation of a high-performing, scalable platform that meets the expectations of institutional investors and the growing needs of students.”

Nicolas Leroy, CEO Roof, remarked: “Momento’s involvement was extremely valuable in finalizing this partnership with Mata Capital. This new phase marks a significant milestone in our growth and consolidation process. With Mata Capital on board and Momento’s expertise, we will have greater control over the entire value chain and be able to maximize the performance.”

The article Momento Capital partners with Mata Capital on the acquisition of Roof in France first appeared in TravelDailyNews International.