SEG Sector Deals: Zoopla Acquires Hometrack for $182m

Zoopla, a leading provider of internet listings and data services for the U.K. real estate property market, has acquired Hometrack, a provider of real estate property data and analytics services. With the acquisition, Zoopla aims to complement its ILS offering with enhanced pricing and valuation information services for property sellers and buyers in the U.K. market. The $182 million purchase price includes approximately $135 million cash at close, deferred payments of $7.5 million during each of the next two years, and an earnout of $31 million payable over ten years (based on achieving certain performance targets).

Transaction Details:

Enterprise Value (m)$182.2
TTM Seller Revenue (m)$21.5
TTM Seller EBITDA (m)$10.3
TTM Revenue Multiple 8.5x
TTM EBITDA Multiple17.7x
Seller Business Description

Hometrack is a leading provider of residential property market insights and analytics in the U.K.

Buyer Business Description

Zoopla is a property website in the U.K. that combines property listings with market data, local information, and community tools.