US EditionEQT agrees to sell a 70% stake in Idealista to PE firm Cinven in a deal valuing the property classifieds site at €2.9B; EQT acquired Idealista for €1.3B in 2020
13 Articles
13 Articles
The real estate portal has highlighted that its founder and president, Jesús Encinar, will continue with his team as he did in 2015 and 2019 after the sale of the platform to funds managed by Apax and EQT, respectively.
Cinven Fund signs agreement with idealista shareholders, one of Spain, Italy, and Portugal's leading real estate platforms, to buy 70% of the company for 2.9 billion euros. Jesus Encinar, founder and president of idealista, will continue alongside his team leading the company, as he did in 2015 after selling idealista to Apax-managed funds and in 2020 after selling to EQT. EQT, which has been the majority shareholder of idealista since it acquir…
The operation still has to be approved by the National Commission of Markets and Competition.
El portal inmobiliario Idealista cambia de dueños. El fondo británico Cinven ha cerrado una operación de compra por valor de 2.900 millones en la que ya es la mayor compraventa...
Cinven adquiere el 70 % de Idealista por 2.900 millones de euros
Madrid, 28 jun (EFECOM).- El fondo británico Cinven ha firmado un acuerdo con los accionistas de Idealista para comprar el 70 % de portal inmobiliario por valor de 2.900 millones de euros, un importe récord para una plataforma en línea en España.EQT, hasta ahora accionista de referencia de Idealista desde que adquiriera la mayoría de la empresa en 2020 valorada entonces en 1.325 millones de euros, reinvierte para continuar como coinversor en un …
There is already a buyer of Idelista after the process initiated by proprietary funds for its sale. The Cinven fund was the winner in the bid for the real estate platform, winning an agreement to acquire 70% of the company's capital for 2.9 billion euros, representing the largest purchase of a technology company in Spain. EQT, until now the reference shareholder of Idealista, reinvests in the capital to continue with a lower percentage, which wi…
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