Founded in Paris in 2012, Theop provides independent project management and client representation services for complex real estate developments. The firm currently employs over 300 staff and has completed more than 1,500 projects, serving a client base that includes major asset owners across the logistics, luxury hotel, and office sectors. By bringing in 65 Equity Partners, the company seeks to leverage the investor's international network to scale its operations beyond France.

Pascal Heberling, Co-Head of Europe at 65 Equity Partners, noted the firm's interest in capitalizing on the structural shift toward independent representation models. The partnership will support both organic growth and potential acquisitions, with a specific focus on integrating digital and AI-driven initiatives into the consultancy’s existing framework. While Theop scales, management and the founders remain the firm's largest shareholders, ensuring continuity in the company's entrepreneurial approach.