Asset Management

M&A takes estate agent Purplebricks into Canada

Online estate agent strikes near £30m deal to pick up DuProprio/ComFree

M&A takes estate agent Purplebricks into Canada

Purplebricks, a London-listed online estate agent, has continued its international expansion with the acquisition of a Canadian counterpart.

The company has agreed to spend about £29m to buy DuProprio/ComFree (DPCF), it said in a stock exchange statement. The Québec-based company runs a commission-free online estate agency similar to Purplebricks and generated revenues of about £26.2m last year, Purplebricks said. It has been sold by Canada’s Yellow Pages.

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