Prime Capital (ASX:PFG) acts as corporate advisor for Hipages Group Holdings Limited (ASX:HPG)

Prime Capital is delighted to have acted as corporate advisor for Hipages Group Holdings Limited (ASX:HPG), owner of Hipages, in their acquisition of a 25% interest in the issued share capital of Bricks + Agent.

HPG is a c.$500m Market Cap company and hipages is Australia’s largest online tradie marketplace and Software-as-a-Service (SaaS) provider connecting tradies with residential and commercial consumers. Bricks + Agent are one of Australia’s leading property management technology platforms with 360k users, a pipeline of almost 500k properties under management, and 21k tradies on its platform.

The investment gives hipages exposure to Bricks + Agent’s user and tradie base and the $21bn Australian residential and commercial property management market while providing Bricks + Agent with capital to accelerate its growth plans.

Prime’s deal team was led by Tim Bennett (Managing Director, Capital) and we would like to congratulate hipages CEO and Co-founder Roby Sharon-Zipser and CFO and COO Melissa Fahey along with Bricks + Agent CEO and Co-founder’s Rafael Niesten and Jon Stul on a successful transaction.

Details of the transaction can be found in the attached Hipages announcement here.

The information in this article contains general advice and is provided by Primestock Wealth Management Pty Ltd (Primestock Wealth) AFSL No. 240277. This advice has been prepared without taking your personal objectives, financial situation or needs into account. Before acting on this general advice, you should consider the appropriateness of it having regard to your personal objectives, financial situation and needs.

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