PARIS – Global law firm Reed Smith’s Paris office has been instrumental in helping Vesta Home, operator of the online real estate agency Hosman, gain approval of its restructuring plan by the Bobigny Commercial Court, marking the company’s exit from judicial reorganization proceedings opened in September 2024.
The plan, approved on July 10, 2025, through a cross-class cram-down lasting eight years, provides for the progressive repayment of €3.1 million in privileged liabilities over this period, together with an €8.7 million write-off in unsecured liabilities.
Still rarely used in the start-up environment, this restructuring plan is supported by a €1.8 million investment from UL Invest, which has become the majority shareholder alongside the founders. It enables Hosman to preserve a team of around 50 employees, leverage eight years of R&D, and target a return to break-even as early as 2025.
Reed Smith advised Vesta Home (Hosman) on the restructuring aspects of the transaction. The team was led by partner Marie Crumière and associate Julien Dorin.