Houlihan Lokey Advises BidX1

Houlihan Lokey is pleased to announce BidX1, a portfolio company of Pollen Street Capital, has agreed to receive strategic investment from doValue, a leading servicer in southern Europe for loan and real estate management services, and Oliver Wyman, a global management consulting firm.

BidX1 is Europe’s leading digital property investment platform. The proptech company has built a digital platform that connects users across the globe with property investment opportunities in five markets and enables them to complete the entire transaction online using proprietary technology. Established in Ireland in 2011, BidX1 is the market leader in online property transactions; the company has sold more than 10,000 properties to date, raising more than €2.5 billion. More than 30,000 bids were placed through the BidX1 platform last year, with buyers from over 60 countries to date.

Listed on the Italian Stock Exchange, doValue is the market leader in Italy, the Iberian Peninsula (Spain and Portugal), Greece, and Cyprus, with €160 billion of assets under management. Through this investment, doValue will enter a strategic partnership with BidX1 with the aim of supporting BidX1’s growth as an independent platform.

Oliver Wyman, an international management consulting firm, will also make an equity investment in the company. As part of the agreement, BidX1 will acquire proprietary technology developed by Oliver Wyman; an online platform for the transaction of nonperforming loans. Coupled with BidX1’s existing platform for real estate transactions, this addition will expand BidX1’s offering for clients and investors, leveraging the company’s deep domain expertise in high-value online transactions.

Houlihan Lokey served as the exclusive financial advisor to BidX1 on the transaction.