Scout24's Stock Rises as Takeover Rumours Swirl

April 11, 2022
Share this Post: 

The German real estate portal operator Scout24 saw its share price shoot up by 14% on Friday as rumours that the company was going to be taken private circulated.

Having traded between €49 and €54 per share since late January, the Munich-based company's share price rose to €59 per share on Friday afternoon. According to DealReporter, private equity firms Hellman & Friedman, EQT and Permira are all in the running to take the portal company private.

Back in 2019 the possibility of Scout24 going private in the wake of its autos vertical sell-off was mooted with many of the same parties interested. Ultimately though, a bid by Hellman and Friedman along with Blackstone came up short.

Since then, EQT, in particular, has entered into the real estate portal business with its $1.5 billion takeover of Spanish portal group Idealista and as a result, may now be a frontrunner in the event that Scout24 decides to go private.

Any possible takeover candidate would have to pay a premium on the current share price to convince shareholders to accept a bid. One JP Morgan analyst was quoted as speculating that a takeover bid of €80 per share could be possible.

Scout24 is no doubt attractive to investors not only for its leading position in the German real estate market but also thanks to its diversified revenue stream. The company has undergone a transformation over the last two years and now has a suite of products that monetize all customer types in German real estate transactions.

April 11, 2022
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Zoopla Logo E1618475108904
Zoopla Enters Consultation Process with Staff—30 Roles at Risk

Zoopla says it is supporting staff through a consultation process after the portal confirmed 37 members of staff are ‘at...

Read More
Launch Onedome Propertyheads
New Products & Services Roundup: OneDome and PropertyHeads

OneDome and PropertyHeads have both launched new quality-of-life products for the property industry. OneDome, the one stop shop buying and...

Read More
Homely Qld State Manager Oliver Stanbrook
Homely Continues Aggressive Queensland Expansion with Ray White Partnership

Homely.com.au, one of Australia’s largest online real estate marketplaces, has further expanded its Queensland presence with a recent sponsorship of...

Read More
Shutterstock 2161073817 1
SeLoger Co-Founders Invest in French New Build Investment Portal Vefaonline

The French new build portal vefaonline has announced its first funding round since its foundation in 2019. Participating in the...

Read More

Popular News