Cinven Acquires Majority Stake in idealista
June 28, 2024
Cinven has agreed to acquire a 70% majority stake in idealista, the leading online real estate classifieds platform in southern Europe, in a transaction valuing the business at €2.9 billion. Funds advised by Oakley and Apax are selling their holdings, EQT will retain an 18% stake, and founder Jesús Encinar will remain invested and continue to lead the company; CVC Credit provided debt facilities to support the acquisition.
- Buyers
- Cinven
- Targets
- idealista
- Sellers
- Oakley Capital, Apax Partners, EQT
- Industry
- Real Estate
- Location
- Madrid, Spain
- Transaction Type
- Buyout
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