IAD takes majority stake in NEXIMO
Context
IAD has acquired Neximo, a Mexican digital real‑estate network, through an initial purchase of a 33 % equity stake that confers more than 50 % of voting rights, with a commitment to reach full ownership by 2024. The transaction was announced in September 2020 and follows IAD’s pattern of using minority stakes to secure operational control before completing full integration. Neximo’s existing platform and its 600 independent advisors provide IAD with an established foothold in the Mexican market, complementing its European operations. The acquisition aligns with IAD’s strategy to extend its digital brokerage model beyond Europe and enter the North American continent. By incorporating Neximo’s technology stack, IAD can offer its European agents access to a comparable solution in Mexico, while Neximo benefits from the parent’s experience in scaling agent networks. The deal also serves as a test case for subsequent expansion into Canada and the United States, allowing IAD to validate cross‑border operational processes and regulatory compliance within a similar market environment. Post‑acquisition, IAD expects to increase the combined advisor base to over 11,500 professionals, enhancing its capacity to generate leads and execute transactions across multiple jurisdictions. Integration of back‑office services, such as mortgage brokerage and legal support, is planned to create a unified client experience and drive higher transaction throughput. The enlarged network is projected to improve market visibility, enable data‑driven pricing strategies, and accelerate revenue growth through cross‑selling of ancillary services.
NEXIMO, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
-> Deep-dive in TMT (Tech, Media, Telecom) market trends
Target
Neximo is a digital real‑estate network operating in MEXICO that aggregates independent property‑sale agents under a common online platform. Founded by French entrepreneurs, the network currently comprises approximately 600 advisors who conduct residential and commercial transactions through a cloud‑based suite of tools that include client‑relationship management, marketing automation, and transaction documentation. The platform centralises listings, provides lead generation services, and offers training modules designed to standardise service quality across the dispersed advisory force. Clients of Neximo are primarily private homeowners, property investors, and small‑to‑mid‑size enterprises seeking to buy, sell, or lease assets, with the network handling the full sales cycle from valuation to contract signing.
Ent. Value
LOGIN
Equity Value
LOGIN
Multiples
EV / Revenue
LOGIN
EV / EBITDA
LOGIN
EV / EBIT
LOGIN
Historical Financials (EUR)
Similar deals in TMT (Tech, Media, Telecom)
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 12/2020 | PERMIRA | BOATS GROUP | UNITED STATES | Media & Internet | Boats Group has been acquired by a vehicle backed by Permira funds, representing a majority equity interest in the online marine classifieds provider. The transaction was announced in December 2020 and is subject to customary closing conditions, with an expected completion in the first quarter of 2021 |
| 10/2020 | B & CAPITAL | 123 ELEC | FRANCE | Media & Internet | B&Capital acquired a majority stake in 123Elec. This transaction allowed the historical investor Capelia to exit while providing the company with a robust financial structure and senior debt to fuel its next expansion phase |
| 09/2020 | BIP CAPITAL PARTNERS | LA BOUTIQUE OFFICIELLE.COM | FRANCE | Media & Internet | BIP Capital Partners has successfully completed a leveraged buyout (LBO) of La Boutique Officielle.com, acquiring a majority stake from previous institutional shareholders (of which Azulis Capital). This strategic transaction marks a significant milestone in the evolution of the e-commerce platform, following a period of sustained organic growth and targeted investments in digital infrastructure |
| 09/2020 | EQT PARTNERS | IDEALISTA | SPAIN | Media & Internet | EQT IX has acquired idealista, securing majority ownership of the online real‑estate classifieds platform operating in Spain, Italy and Portugal. The transaction was announced in September 2020 and follows a competitive process in which funds advised by Apax Partners and the company’s management sold their stakes |
| 12/2018 | INITIATIVE & FINANCE | PRIMELIS | FRANCE | Media & Internet | Initiative & Finance has invested €11M into Primelis to support its ambition of becoming the European leader in organic search (SEO). This investment follows a period of strong performance where the agency successfully met its previous three-year revenue target of €5M |
| 09/2018 | ROCKPOOL INVESTMENTS | PRIMROSE | UNITED KINGDOM | Media & Internet | Rockpool Investments acquired a majority stake in Primrose in a management buyout from its previous backer, BGF (Business Growth Fund). The transaction was supported by senior loans and a revolving credit facility provided by OakNorth Bank |
| 07/2016 | AZULIS CAPITAL | LA BOUTIQUE OFFICIELLE.COM | FRANCE | Media & Internet | The investment consortium has successfully finalized a leveraged buyout of the target, acquiring a majority stake from the founding family and early-stage investors. This strategic transaction represents a pivotal step in the e-commerce platform’s evolution, providing the institutional backing and capital depth required to move from a pure distributor model to a brand-owner model |
| 06/2016 | IK PARTNERS / FIVE ARROWS | IAD | FRANCE | Media & Internet | IK Investment Partners, together with Five Arrows Principal Investments, is acquiring a majority stake in I@D Holding through a newly formed holding company. The transaction follows an exclusivity agreement signed with the founders and Naxicap Partners, and it will be completed subject to customary legal and regulatory approvals |
| 02/2016 | TOWERBROOK | INFOPRO DIGITAL | FRANCE | Media & Internet | TowerBrook Capital Partners entered into an exclusive agreement to reclaim majority control of Infopro Digital from the exiting historical private equity syndicate, led by Apax Partners and Altamir. This transaction marks a secondary leveraged buyout and a notable "comeback" for TowerBrook, which served as the group's original financial sponsor at its inception in 2001 |
| 07/2015 | APAX PARTNERS | IDEALISTA | SPAIN | Media & Internet | Apax Partners’ funds have acquired the shareholdings in idealista SA held by Tiger Global Management, Kutxabank and Bonsai Venture Capital. The transaction, executed in Madrid, transfers ownership of a portion of the online marketplace’s equity to Apix investors while the founding trio retains a controlling interest and continues to manage day‑to‑day operations |
REFERENCES
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of NEXIMO by IAD are reserved for mynth community members. Register for free to unlock full data.
Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Target: neximo
Acquirer: iad