Funds Advised by Apax Partners Sell Their Stake in idealista
09.10.20
This is only gets display when printing
Simpson Thacher is representing funds advised by Apax Partners in connection with their agreement to sell idealista, the leading online real estate platform in Spain, Italy and Portugal, to the EQT IX fund (“EQT IX”) for a transaction value of €1.3 billion. The transaction remains subject to regulatory approvals.
Founded in 2000 and headquartered in Madrid, Spain, idealista supports approximately 40,000 real estate agents and 38 million unique monthly visitors across southern Europe by providing an online real estate classifieds marketplace for home buyers and sellers. The Company’s online platform and diversified portfolio of digital services, such as CRM tools, data analytics and online mortgage brokerage, help enable efficient real estate transactions, making it a key destination for prospective homeowners and sellers.
The Simpson Thacher team includes Derek Baird, Lucy Gillett and James Campisi (M&A); Jacob Durkin and Sophie Davies (Credit); and Yash Rupal (Tax).