Sale of global real estate FinTech platform
In November 2019 ReSolve was appointed to find a buyer for the business and assets of BrickVest Ltd, BrickVest Technology Ltd, BrickVest Services Ltd and BrickVest Talents Ltd (together “BrickVest”).
Founded in 2014 by E. Lumineau and T. Schneider, BrickVest was one of the leading real estate FinTech platforms in Europe which, via regulated subsidiaries, served the liquidity and investment needs of 1,000 real estate sponsors, 20 banks and 6,000 clients in Europe and the US, from deal listing to investment execution.
With offices in London, Nice and Berlin BrickVest employed over 20 people, and had appeared in the Top 100 PropTech Watchlist for the previous four years.
BrickVest had raised c£12m of capital in various funding rounds from 50 angels, three VCs and two banks. Whilst its four FinTech products were revenue generating, and approaching breakeven, BrickVest as a group required further investment.