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SPCG advised shareholders of Obido Sp. z o.o that runs an innovative service connecting residential developers with potential clients, in the sale transaction of Obido to OLX Global B.V., belonging to the OLX Group, a leading global network of trading platforms.

As indicated in the press release, Obido will join OLX Group’s local portfolio in Poland alongside its other well-known brands including OLX and Otodom. The transaction will allow OLX Group to develop its real estate offering, by reaching  homeseekers and developers in new and even more effective ways in the primary market. For Obido, the deal offers new development opportunities as part of a global network.

Obido is a technology company that has been creating innovative solutions for the real estate market for 5 years, including a platform that, thanks to advanced algorithms supported by artificial intelligence, effectively connects developers and customers looking for new apartments. In 2019 and 2020, Obido was recognized by Deloitte as one of the twenty fastest-growing technology companies in the region. At OLX Group, it joins Otodom, the most popular real estate portal in Poland, and OLX, a platform with an extensive real estate category.

About OLX Group

OLX Group operates the fastest-growing network of trading platforms globally. Serving 300 million people every month in 30+ countries around the world, OLX Group helps them buy and sell cars, find housing, get jobs, buy and sell household goods, and much more. With more than 20 well-loved local brands including Avito, OLX, Otomoto, and Property24, its solutions are built to be safe, smart, and convenient for its customers.

OLX Group is powered by a team of 10,000+ people around the world, who are unified in their ambition to shape the future of trade to unlock the hidden value in everything. For more information, visit www.olxgroup.com.

OLX Group is a division of Prosus, a global consumer internet group and one of the largest technology investors in the world. Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and a secondary listing on the JSE Limited (XJSE:PRX), and is majority-owned by Naspers. For more information on Prosus and its companies and investments, please visit www.prosus.com.

About Obido

Obido is a technology company operating on the Polish market since 2016. Obido.pl is a marketing platform connecting developers and clients looking for new apartments. It is distinguished by an innovative business model, focus on customer needs and advanced AI-supported algorithms that help find apartments that best meet the expectations of users. More at www.obido.pl.

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On behalf of SPCG, the work of the team of lawyers was supervised by Piotr Kamiński, Partner, and Wawrzyniec Rajchel, Partner. The transaction team also included Jakub Zieliński, Associate, Marta Szczawińska-Pogorzelska, Junior Associate and Agnieszka Kołodziej-Arendarska, Councel, supported in the area of labour law by Adam Kostrzewa, Partner and Piotr Piotrowski, Associate, on the field of tax law by Grzegorz Keler PhD, Associate, while in the area of IP law by Marcin Balicki PhD, Associate.

 

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