(RTTNews) – The Apax X Fund, in which Apax Global Alpha Limited is a limited partner, has announced the sale of its minority stake in idealista, an online real estate classifieds platform in Southern Europe, to Cinven. Headquartered in Madrid, idealista provides an online real estate classifieds marketplace for homebuyers and sellers. The transaction is expected to close in the fourth quarter of 2024.
Apax X Fund invested in idealista for a minority stake in February 2021 following Apax VIII’s sale of the company to EQT.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT’s Financial Newswire is relied upon by some of the world’s largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
