Warburg Pincus partners with McMakler in Germany Nov 20, 2020
· Funds advised by Warburg Pincus will invest in the leading German residential real estate broker
· McMakler is projected to grow significantly in the coming years and plans to further strengthen its market presence in Germany and beyond
Berlin, 20th NOVEMBER 2020 – McMakler (www.mcmakler.de), the fastest growing real estate agency and the best-known brokerage company in Germany, has attracted new investment from leading global growth investor Warburg Pincus, alongside existing shareholders.
“Since inception, McMakler has grown very quickly to become a market leader, providing outstanding service to clients looking to buy and sell properties. Despite the challenges posed by the Covid 19 Pandemic this year, the business has continued its strong growth. Thanks to our innovative technology platform and our 300 highly qualified local brokers across our numerous locations in Germany, McMakler provides a modern and transparent real estate sale and purchase process," says Felix Jahn, CEO and founder of McMakler. And further: "We are very pleased to welcome Warburg Pincus as a new partner. They bring a wealth of relevant experience in scaling up high growth businesses both in Germany and overseas and they share our desire to improve the customer experience throughout the residential real estate transaction process."
“The traditional real estate sale process is inefficient, often opaque and does not harness the full potential of available data and technology. McMakler, optimizes cutting-edge technology and data, to provide a highly professional and efficient service for customers. Felix and his team have the potential to redefine the real estate market and the Warburg Pincus funds are proud to support McMakler on this journey. This partnership underlines Warburg Pincus’ strong commitment to the German market and its ability to support young, innovative companies with growth capital and global expertise," says René Obermann, Co-Head Europe and Managing Director at Warburg Pincus Deutschland GmbH, which advises the Warburg Pincus funds.
The next phase of growth will be focused on expanding McMakler’s proprietary technology and digital tools to expedite a more transparent and faster marketing process for customers. The company is also planning to expand its more than two dozen existing locations in Germany and abroad.
McMakler, with its headquarters in Berlin, currently employs 600 people, including over 300 own brokers, at all relevant locations in Germany.
European Press: Julie.foster@warburgpincus.com
About McMakler
McMakler (www.mcmakler.de) is a full-service real estate company, active in Germany, Austria and France. The company employs more than 300 of its own real estate agents at over 20 locations who are extremely familiar with the regional conditions. They are supported by almost 300 employees at the headquarters in Berlin, where, among other things, McMakler's analysis and marketing technology is developed. McMakler is the best-known real estate broker in Germany and the fastest-growing hybrid broker in Germany. The company is characterized by high professionalism, extensive technology and fast, secure sales. Felix Jahn started the hybrid real estate company as a founding investor and executive chairman and took over the CEO function in 2018.
About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $56 billion in private equity assets under management. The firm’s active portfolio of more than 190 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 19 private equity funds, which have invested more than $86 billion in over 910 companies in more than 40 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information please visit www.warburgpincus.com.