mynth
09/2020

IAD takes majority stake in NEXIMO

MEXICO Media & Internet / E-commerce & Marketplaces REV 1m EUR - 100m EUR

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.

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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.

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Historical Financials (EUR)

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REFERENCES

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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