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New Deal


Announced

Scout24 to acquire Vermietet.de from BitStone Capital.

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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Pending

Software

Private

Majority

Friendly

e-retailing

Domestic

Single Bidder

Private Equity

Germany

Acquisition

procurement

Application software products

software development

Synopsis

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Scout24, a digital company, agreed to acquire Vermietet.de, a digital property management platform, from BitStone Capital, a private equity firm. Financial terms are not disclosed. "With Vermietet.de, we will substantially extend ImmoScout24’s product offering for private landlords, fully in line with our market network strategy. With the investment in this company and continued partnership with Jannes Fischer and his team, we will accelerate our digital product development for the tenant market. In the German real estate market, rent is key. By the end of 2021, our customers will benefit from first synergies of both platforms," Tobias Hartmann, Scout24 CEO.

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