Clifford Chance has acted as legal lead advisor of idealista and its shareholders, EQT, Apax and Oakley and the founder-led management team on the sale of a majority stake in idealista to Cinven for an enterprise value of €2.9bn. EQT and Jesús Encinar, the founder and the chairman of idealista will retain a stake in idealista. The transaction is subject to customary conditions and approval.
Founded in 2000 and headquartered in Madrid, idealista provides online real estate classifieds portals for real estate agents and private individuals across southern Europe where they can advertise their property portfolio for sale and for rent. idealista's online platform also offers a range of additional digital services including mortgage brokerage, CRM software, rental and agency services, and insurance brokerage to assist and facilitate real estate transactions.
The Clifford Chance team was led by M&A Private Equity partner Samir Azzouzi and senior associate Patricia Puertas.
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