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New Deal


Announced

Completed

La Mobilière completed the acquisition of Flatfox from Ringier Digital Ventures.

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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Completed

Acquisition

Single Bidder

Private

Friendly

Switzerland

Real Estate Services

Domestic

digital real estate platform

Private Equity

Majority

Synopsis

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La Mobilière, a private insurance company, completed the acquisition of Flatfox, an operator of a digital real estate marketplace, from Ringier Digital Ventures, a venture capital firm. Financial terms were not disclosed. "With la Mobilière as our core partner and working together with aroov, we can combine our talents to expand our market and develop new products as we seek to exploit the full potential of the digital tenancy market," Bernhard Mäder, Flatfox CEO.

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