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New Deal


Announced

HomeServe to acquire a 79% stake in eLocal for $140m.

Financials

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Transaction Value£109m
Consideration TypeCash
Capital Owned-
Capital Bid For79%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Private

Acquisition

Pending

Majority

United States

Friendly

media

Media Agencies

Synopsis

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HomeServe, the international home repairs and improvements business, agreed to acquire a 79% stake in eLocal, a performance-based advertising platform, for $140m. “We are delighted to have agreed to buy a majority shareholding in eLocal. Bruce Aronow and the team have created a successful business model with great growth potential. I am looking forward to working with them as we continue to grow our Home Experts business,” Richard Harpin, HomeServe Founder and CEO.

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