M&A Deal Summary

CoStar Acquires LoopNet

On April 27, 2012, CoStar acquired internet software and services company LoopNet for 762M USD

Acquisition Highlights
  • This is CoStar’s 1st transaction in the Internet Software and Services sector.
  • This is CoStar’s 2nd largest (disclosed) transaction.
  • This is CoStar’s 5th transaction in the United States.
  • This is CoStar’s 2nd transaction in California.

M&A Deal Summary
Date 2012-04-27
Target LoopNet
Sector Internet Software and Services
Buyer(s) CoStar
Deal Type Add-on Acquisition
Deal Value 762M USD
Advisor(s) Evercore Group (Financial)

Target

LoopNet

San Francisco, California, United States
website
LoopNet is an online marketplace for commercial real estate in the U.S. The Company enables brokers to list properties for sale or for lease and submit detailed information on listings including marketing descriptions, photos, key property statistics and financial and tenant information, in order to find a buyer or tenant. Commercial real estate agents, buyers and tenants use LoopNet to search for listings that meet their criteria.

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Buyer(S) 1

Buyer

CoStar

Washington, District of Columbia, United States

website

Category Company
Founded 1987
Sector Information Services
Employees5,600
Revenue 2.2B USD (2022)
DESCRIPTION
CoStar office in Columbia, Maryland.
CoStar office in Columbia, Maryland.

CoStar is a provider of information services to commercial real estate professionals in the United States and the United Kingdom. CoStar's suite of products offers customers access via the Internet to the most comprehensive, verified database of commercial real estate information. CoStar was incorporated in 1987 and is based in Washington, DC.

DEAL STATS #
Overall 5 of 22
Sector (Internet Software and Services) 1 of 11
Type (Add-on Acquisition) 5 of 18
State (California) 2 of 4
Country (United States) 5 of 16
Year (2012) 1 of 1
Size (of disclosed) 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-26 Virtual Premise

Atlanta, Georgia, United States

Virtual Premise Inc. is a provider of real estate information management technology solutions,. The Company was founded in 1999.

Buy $17M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-03 Apartments.com

Chicago, Illinois, United States

Apartments.com is a web-based apartment listing and classified service. Apartments.com also has ApartmentHomeLiving.com and RentalHomesPlus.com.

Buy $585M
Mergr

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