EQT agreed to acquire Idealista, an online real estate marketplace, from Apax Partners for $1.5bn. The transaction is expected to close subject to customary approvals in December 2020. “EQT’s online classifieds and real estate expertise, local presence in Spain and Italy, and extensive network of advisors will be of great value for us and key to our future success. Idealista and EQT share a similar culture and passion for growth, a key decision factor for me and my team to partner with them,” Jesús Encinar, Idealista CEO.