LO)NDON: The Apax X Fund, in which Apax Global Alpha Limited (AGA) is a limited partner, has announced the sale of its minority stake in idealista, a leading online real estate classifieds platform in Southern Europe, to Cinven. Including prior distributions, this transaction will deliver a total gross MOIC of 2.1×1 and a gross IRR…
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Oakley Capital agrees sale of investment in idealista at €2.9 billion valuation
LONDON: Oakley Capital, a leading pan-European private equity investor, announced that Oakley Capital Fund IV has sold its stake in idealista, southern Europe’s leading online real estate classifieds platform, to Cinven in a transaction that values the business at €2.9 billion. idealista has performed ahead of its original investment case and, including prior distributions, Fund…