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Desjardins completed the acquisition of DuProprio and Purplebricks Canada for $46m.

Financials

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Transaction Value£34m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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real estate brokerage

Canada

Real Estate Services

Domestic

real estate services

Majority

Acquisition

Friendly

Private

Completed

Single Bidder

Synopsis

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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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