NOAH Advisors

Trovit Deal Announcement: Leading Classifieds Aggregator Trovit Sold to NEXT for €80 Million

By October 8, 2014June 30th, 2015No Comments

With pleasure we announce that Japanese real estate information services provider NEXT has agreed to purchase Spanish classifieds aggregator Trovit for a consideration of €80 million. Barcelona-based company is the leading provider of aggregation services for real estate, cars, jobs and other classifieds ads to 47m unique monthly users in 40 countries. Trovit generated revenues of €17.6m and EBIT of €5.9m in 2013. NOAH Advisors acted as the exclusive financial advisor to Trovit and its shareholders on the transaction. 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. We are extremely grateful for the trust of the company and its shareholders.

Please refer to the brief case study for further details on the deal.