M&A Deal Summary

LoopNet Acquires Cityfeet.com

On August 2, 2007, LoopNet acquired internet software and services company Cityfeet.com

Acquisition Highlights
  • This is LoopNet’s 2nd transaction in the Internet Software and Services sector.
  • This is LoopNet’s 2nd transaction in the United States.
  • This is LoopNet’s 1st transaction in New York.

M&A Deal Summary

Date 2007-08-02
Target Cityfeet.com
Sector Internet Software and Services
Buyer(s) LoopNet
Deal Type Add-on Acquisition
Advisor(s) Agile Equity (Financial)

Target

Cityfeet.com

New York, New York, United States
Cityfeet operates the online distribution network for commercial property listings and the second largest online marketplace for commercial property listings at Cityfeet.com.

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Buyer(S) 1

Buyer

LoopNet

San Francisco, California, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

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.


DEAL STATS #
Overall 2 of 7
Sector: Internet Software and Services M&A 2 of 6
Type: Add-on Acquisition M&A Deals 2 of 7
State: New York M&A 1 of 1
Country: United States M&A 2 of 7
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-14 BizBuySell

San Francisco, California, United States

BizBuySell, Inc. is an online exchange for businesses for sale in North America.

Buy $4M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-29 LandAndFarm.com

San Francisco, California, United States

LandAndFarm.com Inc. operates a rural property real estate listing service for buyers and sellers of rural property.

Buy -