About the transaction
ArcanoBlueBull, Arcano’s specialized Tech M&A division, acted as sole financial advisor to Casavo in obtaining financing from D. E. Shaw group.
The objective is to use the funds raised to finance the development and expansion of its business in Spain, where it currently has a presence in Madrid and Barcelona.
With this transaction, Arcano continues to consolidate its position as a leading advisor in financing transactions with a technological and high-growth focus as shown by transactions of Allfunds, WOBI, Deporvillage and Legálitas.
Closed transactions in Italy and Spain
To finance the expansion in Spain
Casavo is the leading Instant Buyer ("iBuyer") in Europe, with a model based on a technological platform that allows for the direct purchase of a property in just a few days, subsequently sold after a refurbishment carried out by the company in the shortest time possible.
The company's objective is to carry out an instant, free of charge and non-binding valuation of the property, enabling a direct purchase to be made as accurately and quickly as possible, accelerating a traditionally long and complex process.
Founded in 2017 in Milan, the company has 270 employees and a presence in Milan, Rome, Florence, Turin, Bologna, Verona, Madrid and Barcelona.
The new financing line will complement the previous financing round in March 2021, mainly led by Goldman Sachs.
About the D. E. Shaw group
Investments and committed capital
The D. E. Shaw group is a global investment and technology development firm with more than $60 billion in investment capital as of September 1, 2021, and offices in North America, Europe, and Asia. Since our founding in 1988, we have earned a reputation for successful investing based on innovation, careful risk management, and the quality and depth of our staff. We have a significant presence in the world's capital markets, investing in a wide range of companies and financial instruments in both developed and developing economies.
Founded in 2003, it is a leading firm in investment management and financial advisory, and has offices in Madrid, Barcelona, Valencia and New York, backed up by a team of more than 200 professionals.
Within ARCANO, the Investment Banking department has more than 70 professionals in Spain and has successfully closed over 150 transactions since 2016.
Alliance with Jefferies
ARCANO maintains a strategic alliance with Jefferies, with offices in 30 cities and 3,500 employees, as well as a global execution and distribution platform.