Investors are benefiting from the acquisitions in the classified advertising technology market. Last year we saw Cabiedes and Partners successfully sell Trovit to Japan's Next CO. We also witnessed how the sale of Milanuncios was one of the most successful divestments in the history of Spain for an entrepreneur. Now we have learned that Mitula Group has bought the Catalan company Nuroa.
Australian" Mitula buys Catalan portal Nuroa from Avet Ventures
Mitula Group, an Australian listed company, but with operational headquarters in Madrid, has bought the 100% of the Catalan company for €3M. NuroaThe "Real Estate Portal", an aggregator of real estate portal ads, which brings together all the available housing offers for sale or rent on the Internet.
The purchase has resulted in the exit of the Highgrowth Innovation fund, managed by Avet Ventures, que le ha permitido crecer y poder agregar la oferta inmobiliaria en UK, Alemania, Austria, Francia, Italia, Irlanda, Suiza, USA, Argentina, Brasil, Méjico, Chile, Australia, Perú, Colombia, España y Portugal.
Nuroa already sold its spin-off, Migoa, in the summer of 2015. The firm, founded in 2014, was acquired by the Catalan online company Only Apartments, which is listed on the Mercado Alternativo Bursátil (MAB).
The Mitula group is a leading operator with 74 search sites in 44 different countries in different verticals: real estate, jobs, automotive and in some countries holiday rentals. These sites are in 18 different languages and operate under the Mitula and Nestoria brands.
“En 2014 el fondo Cabiedes and Partners también desinvirtió en Trovit, principal competir hasta la fecha de Mitula consiguiendo un ‘Home Run’, es decir que con una sola operación recuperaron todo lo invertido en el resto de las casi 40 operaciones que tenían en marcha” comenta Diego Gutierrez de Abra-Invest.
Mitula success story of a Spanish company
Mitula salió a la bolsa Australiana el pasado año, logrando una valoración superior a los €100M, con el objetivo de conseguir capital para seguir creciendo a través de nuevas acquisitions de agregadores verticales y por otro, hacer la empresa más grande, dando entrada a un mayor número de accionistas a medida que los fundadores desinvierten.
The choice of the Australian Stock Exchange was not by chance, according to Gonzalo del Pozo, CEO of Mitula Group, they chose it because of the high degree of specialisation that its investors have in the digital business and, more specifically, in the online classifieds market.
La compañía ha realizado varias acquisitions como la compra en Mayo de su competidor británico Lokku Limited.
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