US EditionCinven buys Idealista real estate portal for €2.925 billion
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Cinven buys Idealista real estate portal for €2.925 billion
The Corner Cinven signed the purchase of the real estate portal Idealista for €2.925 billion on Tuesday. This is the largest acquisition of an online company in Spain. The price represents a 2.25 times increase over the valuation of Idealista that the Swedish fund EQT paid four years ago, which was €1.3 billion.With this acquisition, Cinven takes 70% of Idealista, while Apax and Oakley – which held 17% and 12% of the...
Cinven signed this past Tuesday, December 11, the acquisition of Idealista, a company finally valued at 2,925 million euros, that is: 25 million euros more than the price agreed in June. According to sources of the sector, the definitive price has been adjusted according to the operating performance of the company in the last [...] The entry Cinven closes the purchase of Idealista with a final value of 2,925 million aparece primero en Forbes Esp…
The largest purchase operation of an online company in Spain is successfully closed. Cinven signed this Tuesday the acquisition of Idealista finally valued at 2,925 million...
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