M&A Deal Summary

LL Funds Acquires Offerpad

On January 25, 2017, private equity firm LL Funds acquired internet software and services company Offerpad for 260M USD

Acquisition Highlights
  • This is LL Funds’ 2nd transaction in the Internet Software and Services sector.
  • This is LL Funds’ largest (disclosed) transaction.
  • This is LL Funds’ 2nd transaction in the United States.
  • This is LL Funds’ 1st transaction in Arizona.
Investment Fate
  • Offerpad was sold to a financial buyer in 2021.

M&A Deal Summary
Date 2017-01-25
Target Offerpad
Sector Internet Software and Services
Buyer(s) LL Funds
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 260M USD

Target

Offerpad

Chandler, Arizona, United States
website
Offerpad is a real estate solutions platform and a team of real estate solutions experts empowers homeowners to buy and sell homes online quickly and easily. OfferPad was established in 2015 and is based in Chandler, Arizona.

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Buyer(S) 1

Buyer

LL Funds

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Arizona) 1 of 1
Country (United States) 2 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-23 Dividend Finance

San Francisco, California, United States

Dividend is a FinTech point-of-sale lender for home improvement and solar financing solutions. The company partners with solar and home improvement contractors across the U.S. to offer a range of financing products through its proprietary point-of-sale platforms. Dividend Finance was established in 2013 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-18 Offerpad

Chandler, Arizona, United States

Offerpad is a real estate solutions platform and a team of real estate solutions experts empowers homeowners to buy and sell homes online quickly and easily. OfferPad was established in 2015 and is based in Chandler, Arizona.

Sell -
Mergr

Product

Company

Legal