HAVEL & PARTNERS represented PriceHubble, a Swiss start-up company, in the acquisition of 100% of the shares in the Czech start-up Realtify. Having bought the Czech company, which focuses on data analytics for residential real estate development, the fast-growing Swiss PropTech enters the Czech and Slovak markets and completes its fourth acquisition as part of its international expansion.

The specialised team of HAVEL & PARTNERS provided PriceHubble with comprehensive M&A consulting services during the transaction, including due diligence, which were provided by partner Václav Audes and senior associate Tomáš Navrátil together with managing associate Vojtěch Katzer, associate Klára Šléglová and associate Josef Bouchal. The tax aspects of the transaction were dealt with by tax specialist Martin Bureš.

The fast-growing start-up, founded in Switzerland in 2016, is a B2B-PropTech company that builds innovative data-driven digital solutions for the entire residential real estate and finance value chain. The firm currently employs over 100 specialists and following the acquisition of the Czech company, is now active in nine countries in Europe and Asia.

“PriceHubble is one of the fastest growing PropTech companies in Europe and we are further strengthening our position with this transaction. There is a strong growth potential in Central and Eastern Europe and adding Realtify to the team enables us to accelerate our market expansion in the region,” says Julien Schillewaert, CEO of PriceHubble.

Realtify was founded in Prague in December 2019 and has rapidly built traction in the start-up market. The firm provides analytical and research tools for residential real estate professionals. Under PriceHubble, Realtify will operate as PriceHubble Czechia.