· EQT IX to acquire idealista, the leading online real estate classifieds platform in
· idealista's underlying market is supported by favorable secular megatrends, such as the increasing shift from offline to online marketing spend, as well as significant network effects driven by the platform's strong brand recognition
· EQT will, together with idealista's founders and management team, support idealista's continued growth momentum and further penetration of existing markets, by leveraging EQT's strong digital and sector expertise, "local with locals" approach, and extensive advisory network
The EQT IX fund ("EQT IX") has agreed to acquire idealista ("the Company") at a transaction price of
Founded in 2000 and headquartered in
EQT IX will support idealista's growth and continued pursuit of commercial excellence by investing in the Company's online platform and further developing its portfolio of value-add services for real estate agents. Moreover, the Company is expected to leverage EQT's inhouse digital and tech expertise, global presence, and network of advisors. Together with its founders and management, EQT will support idealista's plans to further penetrate its core markets and strengthen its position as the market leading and go-to platform for online real estate classifieds in
Jesús Encinar, CEO at idealista, said: "We are very excited to partner with EQT and look forward to working together during the coming years. EQT's online classifieds and real estate expertise, local presence in
In line with the commitment to invest in sustainable businesses, EQT will accelerate idealista's growth as it supports local and industry technological innovation by leveraging its role as a key intermediary in the real estate transactions value chain. By supporting real estate agents' transition from offline to online and enabling efficient transaction between prospective homeowners and sellers, idealista contributes primarily to the Sustainable Development Goal 11.
The transaction is expected to close subject to customary approvals in
With this transaction, EQT IX is expected to be 10-15 percent invested, based on its target fund size.
Contact
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334
About EQT
EQT is a differentiated global investment organization with more than
More info: www.eqtgroup.com
Follow EQT on LinkedIn (http://www.linkedin.com/company/508278), Twitter (https://twitter.com/eqt), YouTube (https://www.youtube.com/channel/UCPkDSny24x66By2G2_B1Okw/featured) and Instagram (https://www.instagram.com/eqtgroup/)
About idealista
idealista supports approximately 40,000 real estate agents and 38 million unique monthly visitors across
More info: www.idealista.com/en
https://news.cision.com/eqt/r/eqt-acquires-idealista---the-leading-online-real-estate-classifieds-platform-in-southern-europe,c3192197
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