· EQT IX to acquire Casa.it, one of
· The underlying market of Casa.it is supported by favorable secular megatrends, such as the increasing shift from offline to online marketing and significant network effects driven by the platform's long-standing history in the Italian market
· EQT will support Casa.it's continued growth and further penetration of existing markets, by leveraging EQT's strong digital and sector expertise, "local with locals" approach, and extensive advisory network
The EQT IX fund ("EQT IX") has agreed to acquire Casa.it ("Casa" or "the Company") from funds advised by
Founded in 1996 and headquartered in
EQT will support Casa's growth and continued pursuit of commercial excellence by investing in the Company's online platform and further developing its portfolio of value-add services for real estate agents. Moreover, the Company is expected to leverage EQT's inhouse digital and tech expertise, global presence, and network of advisors. Together with management, EQT will support Casa's plans to further penetrate the Italian market and strengthen its position as one of the leading online real estate classifieds platforms in the region.
The transaction is expected to close subject to customary approvals in
With this transaction, EQT IX is expected to be 10-15 percent invested, based on its target fund size.
Contact
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334
About EQT
EQT is a differentiated global investment organization with more than
More info: www.eqtgroup.com
Follow EQT on LinkedIn (http://www.linkedin.com/company/508278), Twitter (https://twitter.com/eqt), YouTube (https://www.youtube.com/channel/UCPkDSny24x66By2G2_B1Okw/featured) and Instagram (https://www.instagram.com/eqtgroup/)
About Casa.it
Casa.it supports approximately 14,000 real estate agents with over 1 million property listings on its website, making it a key destination for prospective homeowners and sellers in
More info: www.casa.it
https://news.cision.com/eqt/r/eqt-acquires-casa-it---one-of-italy-s-leading-online-real-estate-classifieds-platforms,c3195403
https://mb.cision.com/Main/87/3195403/1307207.pdf
(c) 2020 Cision. All rights reserved., source