Announced
Completed
Financials
Tags
real estate brokerage
Canada
Real Estate Services
Domestic
real estate services
Majority
Acquisition
Friendly
Private
Completed
Single Bidder
Synopsis
Desjardins, a financial group, completed the acquisition of DuProprio, a provider of real estate services, and the Canadian business of Purplebricks, a hybrid estate agency, for $46m. "As a co-operative organisation, it was a natural fit for us to acquire Purplebricks' holding in Canada, present in four different provinces and sharing Desjardins's strong member and client culture. Through our competitive mortgages and thanks to this acquisition, we will keep on supporting people, whether they choose a commission structure, a fixed-fee service or support without an agent," Guy Cormier, Desjardins Group President and CEO.
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