About the transaction

ArcanoBlueBull, Arcano’s specialized Tech M&A division, acted as sole financial advisor to Casavo in obtaining financing through D.E. Shaw & Co. group’s Alkali Fund IV.

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.

About Casavo

- 1,700+ Closed transactions in Italy and Spain

- €40m To finance the expansion in Spain

- c.€450m Capital raised

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 presence in Milan, Rome, Florence, Turin, Bologna and Madrid.

The new financing line will complement the previous financing round in March 2021, mainly led by Goldman Sachs.

About D.E. Shaw

- $55bn+ Investments and committed capital

D.E. Shaw & Co is a New York-based asset manager, with over $55bn AUM between alternative investors ($35bn) and long-term investments ($20bn).

D.E. Shaw has been nominated for dozens of industry awards: Absolute Return, Alternative Investment News, Derivatives Week, HFMWeek and Institutional Investor, among others. Moreover, it has received some of the most important alternative asset management industry's awards in recent years.

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