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Announced

Completed

Silver Lake-backed ZPG completed the acquisition of Penguin Portals from Admiral Group for £508m.

Financials

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Transaction Value£508m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

online comparison

Friendly

Private

Digital Services

Single Bidder

Acquisition

Domestic

Majority

Completed

Private Equity

Synopsis

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Silver Lake-backed Zoopla Property Group, which owns several popular real estate and comparison sites, completed the acquisition of Penguin Portals, an operator of online comparison portals, from Admiral Group, the one of the largest car insurance providers in the UK for £508m ($678m). "This is a win for our brands, our teams and most importantly our customers, bringing together best in class sector experience in home services and insurance. We now have the opportunity to empower millions more consumers to find the right deal for their needs, across the UK, Europe and beyond. With world class expertise and a strong shared vision, I'm incredibly excited to see the opportunities that we can create together," Tariq Syed, RVU CEO.

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