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New Deal


Announced

PEXA to acquire Smoove for £31m.

Financials

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Transaction Value£31m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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software company

United Kingdom

Software

Acquisition

Cross Border

Public

Majority

Pending

Friendly

Single Bidder

Synopsis

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PEXA, a digital property settlements platform, agreed to acquire Smoove, a technology agency that provides property searches to various technological services, for £31m. “The acquisition is aligned with PEXA Group’s strategy of enhancing and leveraging our property exchange know-how to deliver growth from different markets, including in other Torrens title jurisdictions, starting with the UK," Glenn King, PEXA Group CEO and Managing Director.

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