04 Dec Clairfield advises SoLocal Group on the sale of A Vendre A Louer to the group leboncoin
Euronext-listed SoLocal Group, the European leader in local online communication, sold its online real-estate classifieds business, avendrealouer.fr, to leboncoin Group. SoLocal Group achieved consolidated revenue of EUR 812 million in 2016.
Acquired in 2011 from PriceMinister, A Vendre A Louer benefited from the support of SoLocal Group, which allowed it to become a reference in its sector by strengthening its assets with 6 million visits/month, 1.6 million unique montlhy visitors (a 23% increase from the previous year), and revenues of EUR 10 million in 2016.
A Vendre A Louer joined leboncoin Group with all of its 65 employees. The sale, which reflects the value creation generated by SoLocal Group, comes at a favorable moment for market-player consolidation.
Group leboncoin is the French market leader in the classified ads business with more than 27 million unique visitors per month. Leboncoin, already a key player in the real-estate segment with 1.1 million classifieds, acquires a specialized player in this segment.
Advising high technology and internet M&A deals is a key business line for Clairfield International which achieved top rankings in the tech sector in Thomson’s Reuters EMEA Mid-Market Insight report 2017.