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  5. Ringier Axel Springer Media AG Acquires MZN Property SA

M&A Deal Summary

Ringier Axel Springer Media AG Acquires MZN Property SA

On February 26, 2020, Ringier Axel Springer Media AG acquired business services company MZN Property SA

Acquisition Highlights
  • This is Ringier Axel Springer Media AG’s 1st transaction in the Business Services sector.
  • This is Ringier Axel Springer Media AG’s 3rd transaction in Poland.

M&A Deal Summary
Date 2020-02-26
Target MZN Property SA
Sector Business Services
Buyer(s) Ringier Axel Springer Media AG
Deal Type Add-on Acquisition

Target

MZN Property SA

Warsaw, Poland
MZN Property SA manages the technological and financial platform enabling searching, financing and making transactions on the real estate market. The Group provides comprehensive FinTech services and tools for financial intermediaries, real estate agencies and developers, and has its own network of professional credit experts. The MZN Property Group is a publisher of websites with real estate offers in which users can present and effectively search for offers for the sale and rental of apartments, houses, plots, etc. In addition to Morizon.pl, the Group also includes the Domy.pl website, Offers.net, NoweInwestycje.pl, and Nieruchomosci.pl.

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Buyer(S) 1

Buyer

Ringier Axel Springer Media AG

Zurich, Switzerland
Category Company
Founded 2010
Sector Media
DESCRIPTION

Ringier Axel Springer Media AG was founded in 2010 by the Swiss Ringier AG and the German Axel Springer SE and bundles the activities of both shareholders in Central and Eastern Europe. The company operates in the growth markets of Poland, Hungary, Serbia and Slovakia with a broad range of media services, comprising more than 160 digital and print offerings. The company's registered offices are in Zurich and it employs a total of about 2700 employees.

DEAL STATS #
Overall 3 of 3
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Poland M&A 3 of 3
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-26 Gratka Sp. z o.o.

Warsaw, Poland

Gratka Sp. z o.o. is a classifieds website having a database of ads over 500,000 in categories of real estate, automotive, work and small offers: e.g. animals, home and garden, agriculture, services and many more. Gratka was formed in 2000 and is based in Warsaw, Poland.

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