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Praesidian Capital exits PlanetHome

Praesidian Capital Europe, a provider of growth capital in the United Kingdom, Germany and Northern Europe, has exited its investment in PlanetHome Group.

Praesidian, that typically invests GBP5 million to GBP15 million per transaction, backed the original carve-out of PlanetHome by AP Capital Investments from its previous pan-European parent UniCredit Bank.

PlanetHome Group is a real estate brokerage and mortgage brokerage business in Germany and Austria. Founded in 2000 and headquartered in Munich, PlanetHome is a provider of real estate and mortgage brokerage services in Germany and Austria. The group employs over 500 people in more than 80 locations and generates more than EUR100 million of revenue.

According to Serkan Dede, investment director at Praesidian who executed the original deal in 2015, the firm has worked closely with PlanetHome’s owners since the original buy-out and provided further follow-on financing in 2016.  

“Praesidian has been a dependable and flexible partner since the initial complex transaction and onwards,” said Osman Unsal, co-founder of AP Capital Investments.

Bulend Corbacioglu, co-founder of AP Capital Investments, commented: “Our close partnership with Praesidian from the beginning enabled us to carve out and build a market leading business in Germany and Austria.”  

Praesidian Capital Europe backs companies of GBP15 million to GBP100 million, with an EBITDA of GBP3 million to GBP15 million.

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