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CINVEN / IDEALISTA
M.11654
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Disclaimer :
The Competition DG makes the information provided by the notifying parties in section 4 of Short Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.
SECTION 4
Description of the concentration
This notification concerns the proposed acquisition, within the meaning of Article 3(1)(b) of Council Regulation (EC) 139/2004, of sole control of Idealista Global, S.A. (Idealista), by Isabella Bidco, S.L.U. (Bidco), an investment vehicle indirectly owned by the Eighth Cinven Fund (Cinven VIII) whose manager is Cinven Limited (the Notifying Party) (the Proposed Transaction). Currently the Target is owned in its majority by Ajax 1 S.à. r.l., in turn wholly owned and indirectly controlled by EQT AB (EQT), together with a number of other financial sponsors, individuals and other investors.
The Proposed Transaction will be implemented pursuant to a share purchase agreement.
Bidco is part of Cinven, a private equity business engaged in the provision of investment management and investment advisory services to several investment funds. The companies in Cinven’s portfolio of investments are active in a wide range of subsectors, mainly business services, consumer, financial services, healthcare, industrials and technology, media and telecommunications. The country of incorporation of Cinven Limited is the United Kingdom.
Further information on Cinven is available through its website: https://www.cinven.com.
Idealista is a Spanish company which operates in Southern Europe mainly through an online classified advertising platform for sellers offering real estate for sale or rent, and buyers looking to buy or rent. In addition, the group provides certain ancillary products and services for the real estate sector. The country of incorporation of Idealista Global, S.A. is Spain.
Further information on Alter Domus is available through its website: https://alterdomus.com.
Commission européenne/Europese Commissie, 1049 Bruxelles/Brussel, BELGIQUE/BELGIË - Tel. +32 22991111
Commission européenne/Europese Commissie, 1049 Bruxelles/Brussel, BELGIQUE/BELGIË - Tel. +32 22991111