Last September, global investment firm EQT acquired the majority of Spanish online real estate classifieds platform provider idealista from (funds advised by) Apax Partners for a whopping €1.3 billion. Apax had bought idealista in 2015 at a reported €150 million valuation.
Now, Apax Partners is back; the Spanish scale-up today announced the re-entry of the investment firm in its shareholding with a 17% stake. The funds managed by Apax Partners will invest together with the company's management team and EQT, injecting a total of €250 million to get back into the fold.
It comes about a month after Oakley Capital invested €175 million in idealista, which the Madrid-based company today revealed gives the investment firm a 12% stake in its business.
Founded back in 2000, 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.