Warburg Pincus partners with McMakler in Germany
Warburg Pincus has invested in German real estate agents and brokerage company McMakler, alongside existing shareholders.
“Since inception, McMakler has grown very quickly to become a market leader, providing outstanding service to clients looking to buy and sell properties. Despite the challenges posed by the Covid 19 Pandemic this year, the business has continued its strong growth. Thanks to our innovative technology platform and our 300 highly qualified local brokers across our numerous locations in Germany, McMakler provides a modern and transparent real estate sale and purchase process," says Felix Jahn, CEO and founder of McMakler. And further: "We are very pleased to welcome Warburg Pincus as a new partner. They bring a wealth of relevant experience in scaling up high growth businesses both in Germany and overseas and they share our desire to improve the customer experience throughout the residential real estate transaction process."
“The traditional real estate sale process is inefficient, often opaque and does not harness the full potential of available data and technology. McMakler, optimises cutting-edge technology and data, to provide a highly professional and efficient service for customers. Felix and his team have the potential to redefine the real estate market and the Warburg Pincus funds are proud to support McMakler on this journey. This partnership underlines Warburg Pincus’ strong commitment to the German market and its ability to support young, innovative companies with growth capital and global expertise," says René Obermann, Co-Head Europe and Managing Director at Warburg Pincus Deutschland GmbH, which advises the Warburg Pincus funds.
The next phase of growth will be focused on expanding McMakler’s proprietary technology and digital tools to expedite a more transparent and faster marketing process for customers.
The company is also planning to further expand its more than two dozen existing locations in Germany and abroad.