BERLIN – Oct. 4, 2024 – Greenberg Traurig advised McMakler on its financing round. Existing investors Baillie Gifford and Israel Growth Partners (IGP) led the current financing round, with participation from the majority of the existing shareholders and members of management.
McMakler intends to use the new capital to further strengthen its position as an innovative real estate agency. The company has proven itself to be resilient despite challenging market conditions and plans to further boost its business.
“The lawyers at Greenberg Traurig have done a fantastic job in a short period of time during this financing round,” said Benedikt Manigold, CEO of McMakler. “With creative and pragmatic solutions, the team has contributed significantly to the speedy realization of this financing.”
McMakler is one of the leading PropTech companies in the German real estate market. With over 350 full-time real estate agents throughout Germany and 250 employees at its Berlin headquarters, the company handles the real estate marketing from valuation to successful sale.
Greenberg Traurig's lawyers advised McMakler in connection with the financing round and potentialities around financial restructuring, including extensive amendments to the financing documentation.
Background:
Greenberg Traurig has been advising McMakler for some time now on various legal matters, in particular on data protection and competition law, and has now been entrusted to advise on this financing round.