
GPs sell MeilleursAgents to trade in €200m deal
BPI France, Piton Capital, Alven Capital and all other shareholders have sold their stakes in France-based MeilleursAgents, an online real estate service for individuals selling property.
Aviv Group, a subsidiary of Germany-based Axel Springer, wholly acquired the holding of MeilleursAgents – Falguière Conseil – in a €200m cash and debt-free operation.
Founded by Berlin-based Axel Springer in 2018, Aviv is a group of corporates providing digital services in areas including real estate. Some of its businesses are Immowelt (based in Germany); SeLoger, Logic-Immo, Car&Boat Media (in France); Immoweb (Belgium); and Yad2 (Israel). The group also holds Axel Springer's minority participations in companies such as Purplebricks, Homeday and Zumper.
KKR launched a voluntary public tender offer for Axel Springer for €63.00 per share on 12 June 2019. The 20% minimum acceptance threshold of the voluntary public tender offer for Axel Springer has been recently exceeded.
Previous funding
Business angels initially provided MeilleursAgents with €1m of startup capital in 2008. A year later, previous backers and Alven Capital provided a €2m investment.
BPI France, Piton Capital, Alven and business angels took part in a €7m round for MeilleursAgents in 2016. BPI drew capital from its €300m Le Fonds Ambition Numérique vehicle.
Company
Founded in Paris in 2008, MeilleursAgents operates the online platform MeilleursAgents.com, through which property owners in France can have their property valued for free. If they also wish to sell it, clients can search for and get in contact with real estate agents. The company employs approximately 250 people and is headquartered in Paris. MeilleursAgents expects to come close to breaking even in 2019.
People
MeilleursAgent – Sébastien de Lafond, Julien Cheyssial, Jordan Sanial, Pascal Boulenger (co-founders).
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