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Axel Springer buys PE-backed real estate valuation provider

Axel Springer SE completed the full acquisition of Falguière Conseil SAS, a French company that operates online real estate valuation portal MeilleursAgents.

The German company made the acquisition through its digital classified services unit AVIV Group GmbH, in a deal worth €200 million, according to S&P Global Market Intelligence data.

The acquisition is expected to boost the existing offerings of Axel Springer's portfolio of French real estate portals, including SeLoger and Logic-Immo, according to a news release.

Falguière Conseil's previous investors include Alven Capital Partners, Bpifrance Investissement, Piton Capital LLP and Fonds Ambition Numérique.