DoValue and Oliver Wyman completed the acquisition of a 15% stake in BidX1 for €13m.

DoValue, a financial services group, and Oliver Wyman, a management consulting firm, completed the acquisition of a 15% stake in BidX1, a digital property investment platform, for €13m. “BidX1 will be an important pillar of doValue’s diversification strategy aimed at investing in high growth sectors with tangible cross selling opportunities with our existing core business. We have been very impressed by the quality of BidX1’s management team and we are confident that they will succeed in disrupting the way real estate transactions are carried out in Europe, positively contributing to doValue Group’s operations,” Daniele Della Seta, doValue Head of M&A and Strategic Finance.