Silver Lake Management completed the acquisition of ZPG for £2.2m.

Private equity firm Silver Lake Management completed the acqusition of ZPG, which owns and operates some of the UK's most trusted digital brands that help empower smarter property and household decisions, for £2.2m. The 490 pence per share cash offer represents a 43% to the volume weighted average price per ZPG Share of 343 pence for the three month period ended 10 May 2018. ZPG owns and operates some of the UK's most trusted digital brands that help empower smarter property and household decisions, including Zoopla, uSwitch, Money, PrimeLocation and SmartNewHomes. ZPG is also one of the leading residential property data and software providers with a range of products including Hometrack, Calcasa, TechnicWeb, Ravensworth, Alto, Jupix, ExpertAgent, PropertyFile and MoveIT. "ZPG is a great growth technology company. It has established strong positions in property classifieds, home and financial services markets by innovating in product and marketing. We are delighted to partner with Alex Chesterman, one of Europe's leading and most accomplished technology entrepreneurs, to invest in ZPG's continued growth." Simon Patterson, Silver Lake Managing Director.