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Announced

rent24 to acquire Friendsfactory.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Germany

Majority

Single Bidder

Acquisition

Pending

Private

Friendly

office space provider

Property Services

Synopsis

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rent24, one of the world's largest coworking providers, agreed to acquire Friendsfactory, an office space provider. Financial terms were not disclosed. "Over time, we have grown successfully together, and we have constantly evaluated the development. For this reason, we have decided to focus entirely on the core brand rent24 and exercise our call option," Robert Bukvić, rent24 Founder and CEO.

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