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Cinven to acquire 70% stake in idealista in EUR 2.9 billion transaction

Jun 28, 2024•about 1 year ago

Acquiring Company

Cinven

Acquired Company

idealista

LondonMadridVenture CapitalCommercial Real EstateReal Estate

Description

EQT has sold its majority stake in idealista, the leading real estate platform in Spain, Italy, and Portugal, to Cinven in a EUR 2.9 billion transaction. EQT will retain an 18 percent share in the Company following the transaction. Jesus Encinar, the founder and Chairman of idealista, will continue to lead the Company alongside the existing team.

Company Information

Company

Cinven

Location

London, England, United Kingdom

About

Cinven is an international private equity firm, focused on supporting companies that want to step-change their growth. We operate as one team, collaborating across sectors, regions, disciplines and functions, with a single strategic purpose. We use a matrix of sector and local country expertise to target companies where we can drive revenue growth and have local investment presence across all of Europe’s major markets and in the US. Our Portfolio team in Europe, the US and Asia supports our companies’ global expansion strategies.

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M&A Insights

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Integration timeline
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