EQT acquires leading online real estate platform idealista from Apax
10 September 2020
A team of A&O lawyers across Madrid and London have advised global investment organisation EQT on the acquisition of leading Spanish property listing site idealista from global private equity firm Apax.
idealista is the leading online real estate classifieds platform in Southern Europe, with a presence in Spain, Italy and Portugal. It currently supports approximately 40,000 real estate agents and 38 million unique monthly visitors across Southern Europe. EQT will support idealista’s growth by investing in its online platform and further developing its portfolio of value-add services for real estate agents.
The A&O team was led by partners Inigo Del Val in Madrid and Karan Dinamani and Stephen Lloyd in London.
Commenting on the transaction, Inigo Del Val in Madrid comments: “This is a significant deal for the sector, bringing together a high profile brand with EQT’s experience and insight in high-growth company investment. We were very pleased to represent EQT on the deal, which demonstrates the strength and depth of our integrated pan-European private equity practice.”