Cinven to acquire a 70% stake in idealista from Oakley Capital, EQT and Apax for €2bn.

Cinven, a private equity firm, agreed to acquire a 70% stake in idealista, an online real estate classifieds platform, from Oakley Capital, a pan-European private equity investor, EQT, a private equity company, and Apax, an investment firm, for €2bn ($2.17bn). "Oakley's successful partnership with idealista continues our strong track record of investing behind exceptional founders. We have enjoyed working with Jesús as he has built one of Spain's most successful digital businesses. Iberia boasts an increasingly attractive ecosystem of promising tech businesses and remains an important investment destination for Oakley," Peter Dubens, Oakley Capital Co-Founder and Managing Partner.