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New Deal


Announced

Completed

Royal Bank of Canada completed the acquisition of OJO Canada.

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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Acquisition

Majority

real estate technology

Digital Services

Completed

Friendly

Canada

Domestic

Private

Single Bidder

Synopsis

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Royal Bank of Canada, a Canadian multinational financial services company, completed the acquisition of OJO Canada, the Canadian operations of US-based real estate technology company, OJO. Financial terms were not disclosed. "Canadians have aspirations to fulfill their home ownership ambitions, yet they are up against an incredibly challenging housing market. Now more than ever, consumers need a trusted ally to guide them through the home buying and selling journey. We see ourselves as that ally. Over the past few years, OJO Canada has grown to become a valuable resource for Canadian home buyers and sellers. We’re thrilled to join RBC and accelerate our efforts to help more Canadians realize their home ownership goals," Karen Starns, OJO Canada CEO.

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