Equistone in exclusive talks with Goldman over Meilleurtaux sale

Following an auction process that attracted more than a dozen potential investors, funds and industrial players, Goldman Sachs was chosen as the preferred bidder, according to a statement.

Financial details of the transaction were undisclosed, but a person familiar with the matter said the enterprise value is expected to be between €250 million and €270 million.

Equistone acquired Meilleurtaux.com in April 2013 using its fourth fund, a €1.5 billion vehicle that closed in 2013. Equistone, together with the company’s management team, developed Meilleurtaux’s traditional credit brokering and comparison business. It also completed five bolt-on acquisitions.

Meilleurtaux.com negotiated €7.2 billion in new mortgages on behalf of its clients in 2015. With nearly 3 million unique visits on its website per month, it has grown to become a large French comparison provider for loans, both online and through its branches.

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