Funds Advised by Apax Partners to Sell Interest in idealista
06.28.24
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Simpson Thacher is representing funds advised by Apax Partners (“Apax”) in connection with their agreement to sell their interest in idealista, the leading online real estate platform in Spain, Italy and Portugal, to Cinven. The overall transaction value is €2.9 billion. The transaction remains subject to regulatory approvals.
Apax originally acquired Idealista in 2015 and subsequently sold a majority stake to the EQT IX fund in 2020.
The Simpson Thacher team includes James Howe, James Campisi and Andrew Cho (M&A).