Transaction Summary

  • On 7 October 2014, 100% of leading classifieds aggregator Trovit ( announced the acquisition by publicly listed Japanese real estate information services provider NEXT (
    • Closing is subject to conditions precedent and expected for November 2014
  • Trovit will allow NEXT to build a massive platform offering real estate and lifestyle information from across the world

Overview of Trovit

  • Launched in 2006 in Barcelona, Trovit is the world’s leading classifieds aggregator, providing its users with access to listings in real estate, cars, jobs, products and other segments
    • Trovit has expertise in successfully operating websites worldwide, 20k content partnerships in 40 countries, and a base of 47m unique monthly visitors
  • Trovit’s proprietary search engine technology allows users to swiftly find most relevant classifieds ads and narrow them down with enhanced and easy-to-use functionalities
  • Trovit generated revenues of €17.6m and EBIT of €5.9m in 2013
  • The company is run by a highly experienced management team led by CEO Iñaki Ecenarro, who will join NEXT and continue to manage Trovit

NOAH Advisors’ Role

  • NOAH Advisors acted as the exclusive financial advisor to Trovit and its shareholders, exploring options with a number of strategic and financial investors
  • Trovit has been in a close relationship with NOAH Advisors for a number of years and has presented at the NOAH Conference 2010, 2011 and 2012