EQT to sell majority stake in real estate platform idealista in EUR 2.9 billion transaction
· EQT, which acquired idealista in 2020 at a EUR 1.3 billion valuation, will retain an 18 percent stake · Cinven will acquire 70 percent of idealista; funds advised by Apax and Oakley will sell their shareholdings · Jesus Encinar, founder and Chairman of idealista, will also retain his stake and continue to lead the Company alongside the management teamEQT is pleased to share that the EQT IX fund (“EQT”) has sold its majority stake in idealista (the “Company”). The transaction values idealista, which is the leading real estate platform in Spain, Italy, and Portugal, at EUR 2.9