28 October 2019 – The venture capital fund Apax has begun the process of contacting investors, looking to sell its 80%-stake in Idealista, the online real estate news and sales platform.
Apax acquired its 80% stake in Idealista four years ago for 150 million euros and is now looking to reap a potential windfall of €800 million. The company, however, had initially looked to a possible public listing, but the current state of the market convinced the firm to analyse a direct sale.
Original Story: Eje Prime
Adaptation/Translation: Richard D. K. Turner