EQT IX, a fund managed by private equity giant EQT, announced the sale of its majority stake in European real estate platform idealista for EUR 2.9 billion. Cinven will acquire a 70% interest in the company while EQT retains an 18% share. The transaction also involves Apax and Oakley, who will sell their shareholdings. Idealista, a leading platform in Spain, Italy, and Portugal, was initially valued at EUR 1.3 billion when EQT acquired it in 2020. The deal underscores idealista’s strong market position and its implementation of digital and sustainability initiatives. Jesus Encinar, the company’s founder and chairman, will continue to lead the firm with support from the current management team. The transaction, pending customary conditions and approvals, marks a significant milestone for all parties involved.
Private Equity, Real Estate Technology, Digital & Technology,Spain, Italy, Portugal, Sweden
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