PXR advises McMakler on $50 million Series C financing round with Warburg Pincus
PXR provided comprehensive legal and tax advice to Berlin-based prop-tech company McMakler in its latest round of financing. The financing round was led by US private equity investor Warburg Pincus, which invested $50 million in the company. "McMakler has achieved a transaction volume of one billion euros this year, demonstrating its pioneering role in the market. With the latest financing round, McMakler has reached the next milestone under the leadership of Felix Jahn, and we are very pleased to now accompany the company for the first time," said Peter Möllmann. McMakler was advised on legal and tax matters by PXR attorneys Peter Möllmann, Daniel Grisar and Mirco Zantopp. The PXR team worked closely with the company's Chief Legal Officer Philipp Takjas during the financing round.
McMakler GmbH is a full-service prop-tech company active in Germany, Austria and France. The company employs more than 300 of its own real estate agents in over 20 locations. They are supported by nearly 300 employees at the headquarters in Berlin, where, among other things, the analysis and marketing technology is developed. With over 40 percent supported brand awareness, McMakler is already the best-known real estate brokerage company and the fastest-growing hybrid broker in Germany. Felix Jahn started the hybrid broker as a founding investor and Executive Chairman and additionally took over the CEO function in 2018.
PXR is a full-service law firm specializing in advising companies, entrepreneurs and investors in the technology sector. PXR’s clients include numerous tech companies, private equity and venture capital investors, and entrepreneurs. PXR’s core areas of expertise include tax and corporate law, employment law, and IP/IT and data privacy law.