Adevinta has signed an agreement to sell its Spanish business, including our leading marketplaces Milanuncios, Fotocasa, Habitaclia, InfoJobs, coches.net and motos.net to a new partner: EQT, a purpose-driven global investment organisation.
EQT’s investment is a testament to the remarkable growth achieved to date and the leadership position Adevinta Spain holds in the market. It reflects the strength of the platforms, the dedication of the teams, and the value that has been created.
Jacob Aqraou, Executive Chair, Adevinta, said: “We are delighted that EQT has acquired our business in Spain. With its strong track record of scaling businesses, driving innovation, and supporting long-term growth, we are confident it will help the Spanish platforms to further thrive and succeed. We congratulate EQT on the acquisition and wish them continued success.”
“Looking ahead, we are excited to focus on our outstanding portfolio across the rest of Europe, including mobile.de, Kleinanzaigen, leboncoin, Marktplaats and Subito, channelling our investment, resources and support as we drive towards an ever brighter future.”
Carlos Santana, Partner and Head of Spain & Italy Private Capital at EQT, said: “Adevinta Spain represents a highly thematic investment within one of EQT’s core sub-sectors, consumer internet. EQT aims to support the continued growth momentum of the various platforms, capitalising on our strong digital expertise, “local with locals” approach, and extensive global track record in the online classifieds sector. We’re impressed by the businesses and look forward to supporting Adevinta Spain and its leadership team as they enter this next phase of growth.”
Adevinta will continue to support the Spanish businesses and its employees during the transition, ensuring business continuity for users and customers.
Goldman Sachs Bank Europe SE, Amsterdam Branch and LionTree Advisors UK LLP acted as financial advisors and Linklaters, S.L.P. acted as legal advisors to Adevinta.