Scout24, a digital marketplaces operator, has acquired the entire shares of FINANZCHECK.de for €285m on a cash-free and debt-free basis.
The deal will see Acton Capital Partners, btov Partners, Highland Europe, HarbourVest Partners and FINANZCHECK.de’s Founder and CEO, sell their shares. A number of unnamed holders have also sold their stakes.
Scout24 and FINANZCHECK.de have an already established partnership which helps car seekers access credit lines when using subsidiary websites AutoScout24 and FinanceScout24.
Germany-based FINANZCHECK.de is an online consumer financing support platform which provides access to a real-time comparison platform for loans. Users can compare personal loans, car loans, debt restructuring, small loans and online credit through the solution.
Through the acquisition, Scout24 will look to bolster FINANZCHECK.de’s use on its own used and new car marketplace AutoScout24, helping consumers get quicker access to loans.
FINANZCHECK.de managing director & COO Andreas Kupke said, “We aim to empower consumers in the decision of taking out a loan to finance their purchase. For example, at the moment, there is no integrated solution from search to transaction completion for buying a car online.
“By joining forces with AutoScout24, we are able to trace another step along the consumer journey within one single market network and offer transparent and relevant solutions for users on one of Germany’s biggest car digital market places.”
Over the past three years, FINANZCHECK.de has witnessed a compounded annual growth rate of 35 per cent, and achieved €35m in revenues for the financial year ending December 2017.
Scout24 operates digital marketplaces ImmobilienScout24 and AutoScout24 in Germany and Europe, helping consumers buy homes and cars. Additional brands available give credit information, car financing loans, and brokerage support.
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