Blackstone, Hellman & Friedman sell Scout24 shares

The shares were placed at €31.60 apiece, which would bring the GPs' proceeds to around €411m. 

The placement pushed the company's share price down by 4.1%. It was executed by Willis Lux, a holding company owned by Blackstone and Hellman & Friedman funds, and German BMEP.

Previous funding
Scout24 was listed in October 2015 by Blackstone, Hellman & Friedman and KKR on the Frankfurt Stock Exchange. The IPO gave the business a €3.2bn market cap, opening at €30 per share. It saw Scout24 raise €1.16bn in proceeds, issuing 38 million shares. A capital increase of 7.6 million shares contributed gross proceeds of €228m.

Company
Scout24 is a digital marketplace running two platforms, ImmobilienScout24 for real estate and AutoScout24 for cars. The business is based in Munich and was founded in 1998 by Christian Mangstl and Joachim Schoss. 

People
Scout24 – Greg Ellis (CEO).
Hellman & Friedman – Patrick Healy (deputy chairman).

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