eBay compra Ticketbis por €165 millones

Ticketbis, la startup española de ticketing para el mercado secundario, ha sido comprada por €165 millones por eBay, el gigante americano de compraventa de productos de segunda mano, según fuentes cercanas a la empresa.

Fundada por Ander Michelena y Jon Uriarte en 2009, Ticketbis se ha convertido con el paso de los años en uno de los principales players en el mercado de compraventa de entradas para espectáculos y deportes.

La startup de origen vasco pero con sede en Madrid, tiene más de 400 empleados en plantilla y opera en varios países en el mercado europeo, latinoamericano y asiático.

En 2015 Ticketbis facturó €84 millones y, desde su fundación, ha crecido todos los años por encima del 60% en términos de negocio. Hasta la fecha había levantado €12.1 millones en varias rondas de financiación, que incluyeron la participación de VCs como Active Venture Partners y business angels como Eneko Knorr.

eBay es también propietaria de StubHub, líder de ticketing en el mercado secundario en Estados Unidos, y que además acaba de lanzar en México.

La compra de Ticketbis se produce pocas semanas después de la venta de Privalia por €500 millones. Buenas noticias para el ecosistema español de startups. Más información en el comunicado oficial de eBay.

La fusión de Wallapop y Letgo, contada por sus fundadores

wallapop letgo “Lo veo de puta madre. Ha sido un éxito y esto será el inicio de algo más poderoso”. El que habla al otro lado del teléfono es Agustín Gómez, consejero delegado en Wallapop y posiblemente uno de los CEOs españoles con menos presencia en los medios, al menos cuando dicha presencia se mide en relación al tamaño de la criatura.

Wallapop, entre rondas de financiación anunciadas y otras que parece que nunca lo serán, ha levantado entre $100 y $150 millones de financiación de numerosos fondos de capital riesgo (Fidelity, Northzone, Vostok New Ventures, Accel Partners, Insight Venture Partners, Bonsai Venture Capital, etc) y ha conseguido instalarse no solo en el móvil de millones de usuarios a ambos lados del atlántico, sino también en la mente de muchos consumidores (tecnológicos o no), traspasando lo que muchos llaman el umbral del mainstream.

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Privalia has been acquired by Vente-Privee

A couple of weeks ago I wrote about the possibility of Paris-based Vente-Privee acquiring Privalia, one of the largest Spanish players in the e-commerce space.

Well, it seems that the acquisition is in fact taking place and will soon be announced by both companies. A couple of sources have told me that Vente-Privee’s employees were informed about the acquisition today, and the same will soon happen at Privalia’s headquarters in Barcelona.

No word about the price, but previous rumours said Vente-Privee would pay up to €500 million for Privalia. In any case, and even if the acquisition ends up being smaller than that, it could become one of the larger exits of the Spanish tech ecosystem in recent years, and the largest by a local non-telco company to date.

Privalia had sales of €415 million in 2014 with an EBITDA of just 4%. Vente-privee’s sales in 2014 reached €1.7 billion.

Privalia has raised more than €200 million from multiple European, American and Spanish investors, including Caixa Capital Risc, Nauta Capital, Highland Capital Partners, Index Ventures, Sofina, Insight Venture Partners and General Atlantic.

Privalia to be acquired for up to €500 million?

privalia acquisition rumours

Rumours about the sale of Barcelona-based Privalia have been circulating for years. However, this time it seems as if the company co-founded by Lucas Carné and José Manuel Villanueva could be soon changing hands.

French publication La Tribune wrote last week that Privalia was on the brink of getting acquired by Vente-privee. Privalia’s French competitor would pay between €470 and €500 million for 70% to 80% of the company, thus valuing Privalia well beyond the half a billion euros mark.

This would become the largest exit in the recent history of the Spanish tech industry (excluding telco M&A activity) and one of the larger transactions since the dotcom bubble era.

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Ni pelotazo ni calderilla: La Nevera Roja se revendió por casi lo mismo que costó

la nevera roja interview

La Nevera Roja ha dado mucho que hablar en España en el último año. La empresa fundada por Íñigo Juantegui y José del Barrio fue comprada por Rocket Internet en Febrero del año pasado por 80 millones de euros.

Exactamente un año después, y como adelantó Novobrief a finales de febrero, la startup de comida a domicilio fue vendida de nuevo, pasando esta vez a manos de Just Eat como parte de una operación que afectaba también a otros negocios de Rocket en Italia, México o Brasil. La compra de las cuatro empresas se cerró en €125 millones.

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Menos de un año después de su fusión, Groupalia/Offerum son compradas por Ofertix

coupons spain died

Groupalia y Offerum, dos de las principales empresas del sector de los cupones y los descuentos online en España, se fusionaron en Marzo de 2015. Menos de un año después, la empresa resultante de la transacción está a punto de ser vendida a Ofertix, según varias fuentes cercanas al sector han confirmado a Novobrief.

El precio de la transacción no ha sido revelado.

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Menéame cambia de manos

meneame

El conocido agregador de noticias fundado por Ricardo Galli y Benjamí Villoslada en 2005 tiene nuevos dueños. Daniel Seijo, cofundador del grupo editorial Diariomotor y del fondo de inversión Civeta investments, y Domingo Remojón (Remo), director de iAsesoria, se han hecho con una participación “significativa” en uno de los portales con más tradición en la escena española.

La cuantía de la transacción no ha sido revelada por ninguna de las partes.

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Just Eat to acquire Rocket Internet’s La Nevera Roja

Less than a year after Rocket Internet acquired La Nevera Roja for €80 million, the Madrid-based food delivery company is about to be acquired by Just Eat.

la nevera roja just eat

Less than a year after Rocket Internet acquired La Nevera Roja for €80 million, the food delivery company based in Madrid is about to be sold again, according to multiple sources close to the situation.

Terms of the deal were not disclosed.

Just Eat is going to get its hands on the company once founded by Jose del Barrio and Iñigo Juantegui, becoming a de facto monopoly in the Spanish delivery industry with approximately 6 million annual deliveries.

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Wallapop makes its first acquisition, buys OLX-related startup Sell It

Wallapop has acquired Sell It, a startup co-founded by OLX’s Fabrice Grinda. OLX has strong connections to Wallapop’s competitor Letgo, making the deal even more interesting.

wallapop acquisition

With a war chest of about $150 million, you can do various things. You can spend millions of dollars a month on marketing, product and growth, you can substantially expand your team or you can also acquire other companies for various reasons.

Wallapop has done all three, including the acquisition of a mobile marketplace startup that has yet to be announced by either party. Until now.

The name of the startup is Sell It, and it was co-founded by Patrick Houwer and French entrepreneur Fabrice Grinda in New York City in October 2014.

There was no cash involved in the deal, which took place two to three months ago, and Sell It’s founders and employees received Wallapop stock in return.

The app, which offered users the opportunity of buying and selling goods at a local level, got little traction in comparison to Wallapop or competitors Letgo and OfferUp, but the Barcelona-based startup still decided to acquire it.

Why did Wallapop acquire Sell It?

I’ve talked to various sources close to both companies and I’ve even asked current and former employees about the deal. As is often the case with anything that involves Wallapop, nobody is willing to say a word, neither to confirm nor deny the deal.

But I know it did happen, as several former employees of Sell It have told me that they stopped working on the product “as soon as it was acquired by Wallapop”. An investor in Wallapop even asked me “but has the deal been publicly announced?”, pretty much confirming what various people have told me over the past few days.

With very little traction and with no Sell It employees transferring to Wallapop (at least according to my LinkedIn searches), all possible explanations of the deal end up in the same place: Fabrice Grinda.

Grinda is one of the most respected European entrepreneurs and he knows a lot about classifieds and about building online marketplaces. In fact, he’s the co-founder of classifieds juggernaut OLX, a company he launched with Alec Oxenford in 2006 and where he served as CEO until 2013.

Two sources close to Sell It have told me that Grinda “had to do something with Sell It” and selling (no pun intended) to Wallapop was one of the best options available. Who would say no to having stock in a fast growing startup that competes at a global level?

Grinda doesn’t mention in any of its social media profiles (or AngelList and Wikipedia) that he’s the co-founder of Sell It, but there’s nothing like a simple domain whois to see that sellit.co was actually registered by Grinda himself in 2013, months before the official launch of the app.

wallapop acquisition

It’s not far-fetched to believe that Grinda could help Wallapop in a lot of areas, including its current US expansion and in the process of building a huge online classifieds business and network.

What’s even more interesting is that the connection between Fabrice Grinda and one of Wallapop’s closest competitors, also Barcelona-based Letgo, is strong. One of Letgo’s co-founders is actually Alec Oxenford (Grinda’s partner at OLX) and, as Letgo’s Enrique Linares told me in a recent interview, the startup believes one of its biggest advantages over its competitors when it comes to conquering the US market is… in the team’s past experience at OLX.

  • Carles Grau (Letgo’s CTO) and Enrique Linares (co-founder) both worked at Captalis.com, a fintech startup invested by Fabrice Grinda
  • Jordi Castello (co-founder) was a member of OLX’s founding team (following the acquisition of Mundoanuncio) and worked for the company for 4 years
  • David Wieseneck (VP Finance), worked for more than 4 years at OLX as director of accounting
  • Diego Cassinera (CTG), spent almost 7 years at OLX in various engineering positions
  • Santiago Santine (head of customer care), was also the head of customer care of OLX between 2009 and 2015

The connections between Letgo and OLX are all over the place. With the acquisition of Fabrice Grinda’s Sell It, the connection between Wallapop, OLX and also Letgo seems stronger than ever.

Is the enemy in Wallapop’s house? Or is it the other way around?

Spanish startup exits compared: Trovit, La Nevera Roja and Akamon

Spanish startup exits compared: an analysis of the acquisitions of Trovit, La Nevera Roja and Akamon.

spanish startup exits

Startup acquisitions are tricky, because in most cases the price is never revealed by the parties involved. As we discussed on our H1 2015 summary, in the first six months of the year in Spain there were more than 15 exits, but in less than a handful was the actual price of the acquisition revealed.

That said, since late 2014 Spain has seen three significant exits -four counting Bodas.net, but very few details were revealed at the time- where we know most of the story, allowing us to make a quick comparison of such acquisitions.

We’re talking about Trovit (€80 million), La Nevera Roja (€80 million) and Akamon (€25 million).

spanish startup exits compared

As we said when we did the analysis of La Nevera Roja and Trovit: there are many paths to exit and the traditional rules of how to create founder/investor value are there to be broken.

Photo | TBIT