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New Deal


Announced

Completed

Helpling completed the acquisition of Tiger Facility Services.

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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Friendly

Switzerland

cleaning services

Private

Majority

Janitorial

Germany

Acquisition

Single Bidder

Completed

Domestic

Synopsis

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Helpling, an online marketplace for home services, completed the acquisition of Tiger Facility Services, a digital cleaning company to combine innovation with a tried-and-tested cleaning service. Financial terms were not disclosed. "Having become profitable in the B2C business, it is now the next logical step for us to focus on the numerous opportunities in the field of professional office cleaning. Tiger Facility Services is the perfect partner for us. Having started out as a direct competitor, we have been exchanging ideas more and more over the past few years and have appreciated the cooperation since the successful takeover of the Swiss business last year. I am particularly pleased that we were also able to inspire the leading investors of Tiger Facility Services with our vision and secure additional investment," Philip Huffmann, Helpling Co-Founder.

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