Icade Acquires Controlling Stake in Comet

Icade has announced the acquisition of an 81.5% controlling interest in Comet, a leader in the corporate events industry. Comet, founded in 2016, integrates three business lines: corporate events, hospitality services in office buildings, and flexible workspaces. The company manages 12 locations in Paris and its surroundings, with two additional locations in Europe, servicing nearly 7,000 clients.

In 2025, Comet earned €43.9 million in revenue with a positive operating margin. Icade’s purchase cost could reach €55 million, subject to performance goals. This acquisition aligns with Icade's strategy to redefine office spaces, emphasizing service quality, and client-focused user experiences.

Nicolas Joly, CEO of Icade, emphasized Comet's role in enhancing Icade’s workplace strategies. The co-founders of Comet see this partnership as an opportunity to expand and focus on flexible and user-centered office solutions.