Raue comprehensively advised proptech start-up Tiko Real Estate Technologies (“Tiko”) on its strategic acquisition of Housell, one of the major players in proptech in Spain. As part of the deal, Aviv Group, Housell’s majority shareholder, received a minority stake in Tiko.
With the strategic acquisition of Housell, Tiko consolidates its position as a leader in the Spanish property market and sets the stage for further expansion. The acquisition will make Tiko the leading digital property company in Spain, both in terms of regional reach and property portfolio. By integrating Housell’s market knowledge with Tiko’s technological innovations, this operation offers customers a streamlined, efficient and transparent property transaction experience.
Raue advised Tiko on all corporate law aspects of the acquisition under German law. Raue has already advised Tiko comprehensively on several financing rounds in the past.
About Tiko
Tiko is a European proptech company, launched in 2017 in Spain by its founder and CEO, Sina Afra, and co-founders Ana Villanueva, Can Günay and Paco Sahuquillo. Today, Tiko operates in Madrid, Barcelona, Malaga, Seville, Valencia, Biscay, Saragossa, Lisbon, Setubal and Porto.The key to its rapid success is its technology platform, which only needs homeowners to fill out a short form to send them a purchase offer within 24 hours.
(25 March 2024)