M&A Deal Summary

LIFULL Connect Acquires Properati

On January 10, 2022, LIFULL Connect acquired internet software and services company Properati from OLX Global B.V.

Acquisition Highlights
  • This is LIFULL Connect’s 1st transaction in the Internet Software and Services sector.
  • This is LIFULL Connect’s 1st transaction in Argentina.

M&A Deal Summary

Date 2022-01-10
Target Properati
Sector Internet Software and Services
Buyer(s) LIFULL Connect
Sellers(s) OLX Global B.V.
Deal Type Divestiture

Target

Properati

Buenos Aires, Argentina
Properati is a web and mobile platform that was created to change the way in which people buy, sell and rent real estate in Latin America. Properati is based in Buenos Aires, Argentina.

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Buyer(S) 1

Buyer

LIFULL Connect

Barcelona, Spain

Category Company
Sector Internet Software and Services
DESCRIPTION

LIFULL Connect is a digital marketplaces group owned by LIFULL. It serves over 180 million users monthly, with more than 250 sites in 63 countries. LIFULL Connect seeks to connect people and help them make some of the biggest decisions in their life and its mission is to change people’s lives, one search at a time. LIFULL Connect is based in Barcelona, Spain.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Argentina) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

OLX Global B.V.

Hoofddorp, Netherlands

Category Company
Sector Media
Employees5,000
DESCRIPTION

OLX Global B.V. is a provider of market trading platforms across five continents. OLX Group makes it fast and easy to buy and sell almost anything online, such as household goods, phones, cars and houses. OLX Global B.V. is based in Hoofddorp, Netherlands.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Argentina) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-21 KIWI Finance SRL

Bucharest, Romania

KIWI Finance is a credit broker that has intermediated loans of over 1,35 billion EUR. Currently, the company is active in 35 cities across the country, where it collaborates with over 200 brokers to find the best lending offers for its clients. KIWI Finance was founded by Anca Bidian in 2003 and is based in Bucharest, Romania.

Buy -