They help consumers both find their next home and research the market by combining hundreds of thousands of property listings with market data, local information and community tools. But we know you're looking for more than that. Zoopla has also grown via acquisitions as well as organically. Photo: Zoopla. ZPG The owner of property website Zoopla and comparison site Uswitch has agreed to be bought by a US private equity firm. Zoopla has added over 1,000 branches since lockdown began in March, taking total membership of offices and new homes to a three year high of over 18,000. It ended up conditionally raising £30m through the placing of new shares, some £20m less than originally expected. We know that searching for a home is about more than just checking its price, location and features (important as all those things are). Other property websites it has swallowed over the years include Houseprices.co.uk in January 2011 and, in May 2012, Upmystreet.com. Mr Chesterman has also been paid £4.5m during the last four years. As well as its eponymous online estate agency business, Zoopla also owns uSwitch, PrimeLocation and Property Software Group and claims to have 50m visitors to its sites each month. It navigated the period with no losses to investors' capital and only a … However, by far the biggest winner from the takeover is the Daily Mail & General Trust, which is expected to receive £640m for its shareholding on top of the £182m it received at the time of Zoopla's flotation. Why is my estimate different to that of my neighbours? In July 2009 it bought ThinkProperty from Guardian Media Group and, a month later, bought Propertyfinder.com and Hotproperty.com from News International, the then-publisher of The Sun, The Times and The Sunday Times. To put that sum into context, ZPG's pre-tax profits in 2017 were just £37.4m, although that partly reflects the scale of acquisitions in which the company has been involved. Lincoln International (“Lincoln”), a leading independent mid-market investment bank, is pleased to announce that Zoopla Property Group Plc (LSE:ZPLA; “ZPG”) has conditionally agreed to acquire Ulysses Enterprises Limited (“uSwitch”) for £160 million based on a cash-free, debt-free enterprise value, plus a performance-based earn-out of up to £30 million. Zoopla Have you always wanted to escape the crowds and retire to your own private island at the end of a busy day? Unlike, sadly, Zoopla's status as a British-owned tech company that offered much promise. Shares in UK-based ZPG, which was founded in 2007 and owns property websites Zoopla and PrimeLocation, rocketed as much as 30 percent on announcement of the deal US private equity firm Silver Lake has agreed to buy ZPG, the company behind property websites Zoopla and PrimeLocation, for £2.2bn ($3bn). © 2020 Zoopla Limited. DMTG was biggest shareholder in ZPG, the company that owns Zoopla, as well as comparison websites Uswitch and Money and property website Primelocation. Zoopla, as the smaller of the pair, was expected to lose out the most. The most important figure to find out about a property portal differs depending on what you want from the site. He sold a further £11m worth of shares in August the following year and raised another £13.8m when he further reduced his shareholding in September 2016. Zoopla Limited, The Cooperage, 5 Copper Row, London, SE1 2LH Registered in England and Wales with Company No. Zoopla is at the forefront of innovation in the world of property portals, investing for agents and helping consumers to discover the right property for them. 09005884 ***Based on a search within the London postcode areas (E, EC, N, NW, SE, SW, W, WC) on other UK online property portals. Zoopla Property Group is a digital media business that owns and operates some of the UK’s leading online property brands including Zoopla, PrimeLocation, SmartNewHomes and HomesOverseas. It has been a lucrative adventure for the economics graduate. Zoopla founder makes a killing in US takeover, The Daily Mail & General Trust owns 55% of Zoopla, Alex Chesterman also founded DVD rental business LoveFilm before selling it to Amazon, OnTheMarket was founded to challenge Zoopla and RightMove. A property website and app. Hello. … Zoopla Ltd. provides comprehensive, web based, property information to home buyers. As of 11 Mar 2019. Yet UK investors can still get exposure to the sector via Rightmove, ZPG's larger rival, whose shares shot up by 5% on news of the takeover - valuing it at £4.1bn. **uSwitch Limited is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 312850. It was founded in Buckinghamshire in 2004 by a team from the internet banking company Egg Banking. And that bungalow won't just be a way to release some equity, it will be a chance to spend more time with the grandkids. Windyhill. See all 7 articles It'll be the feeling of starting out on your own. Zoopla Property Group, which owns websites including Zoopla, PrimeLocation, SmartNewHomes and HomesOverseas is the 17th technology business to list on London Stock Exchange in 2014. The Home insurance comparison service is provided by Autonet Insurance Services Ltd, registered in England No. Zoopla already owns comparison sites uSwitch.com and Money.co.uk, as well as Hometrack and PrimeLocation. These 17 companies have a combined market capitalisation of £5.5 billion and have raised £2.2 billion, over 100 per cent more capital than in the whole of 2013. © Crown copyright 2020. What is a Zoopla house price estimate? Well now you can because D'Oyly Carte … USwitch’s institutional backers LDC – … How do I claim my home on Zoopla? Q&A: 'Housing market this Christmas is set to be the busiest in more than a decade', 10 festive streets where you could find your next ho-ho-home. US private equity firm Silver Lake has bought ZPG, the parent group of UK property site Zoopla, in a £2.2bn deal. If you’re looking to sell your property and your agent is listing it on a property portal (as all agents do) you’ll want to know how many people are visiting that site. The property portal's most … Alex Chesterman, the founder of Zoopla, will walk away with £61m following a £2.2bn takeover of the property website's parent company, ZPG, by the US private equity firm Silver Lake. This is a legacy post from the findaproperty.com blog which is now maintained as an archive within the Zoopla blog. Yet life as the head of a listed company has not always proved agreeable for Mr Chesterman who, after graduating from University College London, turned down a job with Wall Street banking giant Goldman Sachs to work for the Planet Hollywood restaurant chain. Because that first flat won't just be a 'great investment opportunity'. How accurate are house price estimates? our selected partners may contact you with relevant offers and services. And all this on top of the £6m he received when LoveFilm, the DVD rental business he helped set up, was bought by Amazon in 2009. The group, which listed in June 2014, also owns Prime Location, the dominant property "portal" in London. Zoopla's real estate platform allows users to search for homes to buy and rent, and provides valuations on homes. It was launched by a group of estate agents, including Savills, Chestertons and Knight Frank in 2015 as a mutual in response to what they saw as Zoopla and Rightmove's duopoly and sought to challenge the pair by insisting that agents listing with it could only list with one of the others. 45. We know you're not just looking for a place to live. The Company offers property listings, market value data, local information and community tools. Zoopla already owns the price comparison service, Uswitch, and the property sales website, Primelocation. Zoopla is part of Zoopla Limited which was founded in 2007. He received an estimated £27.5m when Zoopla floated on the stock market in June 2014. ZPG has, over the years, attracted comment about how it could become the "Amazon of housing". ZPG also owns businesses such as price comparison websirte uSwitch and PrimeLocation. 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