At what enterprise value was IDEALISTA acquired in 2024?

During the acquisition of IDEALISTA by CINVEN in 2024, the company was valued at an estimated revenue multiple of 10x - 18x. The transaction's Enterprise Value is estimated to be in the range of 1b - 4b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.8x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of IDEALISTA when it was acquired by CINVEN?

The estimated EV/EBITDA multiple for IDEALISTA is in the range of Above 20x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.8x. Join our community for free to access full valuation data and industry trends.

When was IDEALISTA acquired by CINVEN?

IDEALISTA was acquired by CINVEN in 2024.

What was the revenue of IDEALISTA at the time of the deal?

The revenue of IDEALISTA at the time of the deal is estimated to be in the range of 250M - 500M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of IDEALISTA during the acquisition?

IDEALISTA's EBITDA is estimated to be in the range of 50M - 100M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the IDEALISTA acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the IDEALISTA deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.cinven.com/news-insights/cinven-agrees-to-acquire-a-majority-stake-in-idealista/

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Home Database TMT (Tech, Media, Telecom)IDEALISTA

06/2024

CINVEN takes majority stake in IDEALISTA

SPAIN Media & Internet / E-commerce & Marketplaces EV 1b - 4b EUR

Context

idealista has been acquired by Cinven in a transaction that secures a controlling equity position for the private equity firm. The agreement was announced in June 2024 and is subject to regulatory clearance and customary closing conditions. Cinven identified the platform as a strategic addition to its Iberia and technology‑focused investment portfolio, noting the company’s established market presence and diversified digital service suite. The acquisition aligns with Cinven’s objective to deepen its exposure to high‑growth online marketplaces in the real‑estate sector. By integrating its capital resources and operational expertise, Cinven aims to accelerate product development, expand ancillary services and broaden geographic coverage beyond the current southern European footprint. The firm also intends to leverage its network of technology partners to enhance platform scalability and data‑driven customer engagement. Post‑closing, the combined entity is expected to pursue intensified digitisation of the property‑search process, optimize agent workflow tools and increase cross‑selling of mortgage and insurance products. These actions should reinforce the platform’s market position, generate incremental revenue streams and create efficiencies that benefit both agents and end‑users across the region.

Idealista had already undergone several LBOs in the past, notably in 2015 with Apax Partners and in 2020 with Eqt Partners. These multiple LBO cycles illustrate the strong appeal for this type of asset.

IDEALISTA, which reported an EBITDA margin of 36.2% in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN than the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

idealista operates an online real estate classifieds platform that connects real estate agents and private individuals with prospective buyers and renters across southern Europe. The company hosts property listings for sale and lease, enabling users to browse, filter, and contact sellers through a web portal and mobile applications. In addition to core classifieds, the platform provides ancillary digital services such as mortgage brokerage, customer‑relationship‑management software for agents, rental management tools, and insurance brokerage, creating multiple revenue streams. Founded in 2000 and headquartered in Madrid, idealista expanded its coverage to include Spain, Portugal, Italy and other nearby markets, serving millions of monthly visitors and supporting thousands of professional agents. The business model relies on subscription fees from agencies, pay‑per‑lead arrangements, and commissions from ancillary services, while maintaining a free‑to‑list option for private sellers.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

FREE VIEW

Year

Rev

EBITDA

EBIT

2023

260M

94M

2022

Other operations with IDEALISTA

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
09/2020	EQT PARTNERS	IDEALISTA	SPAIN	Media & Internet	EQT IX has acquired idealista, securing majority ownership of the online real‑estate classifieds platform operating in Spain, Italy and Portugal. The transaction was announced in September 2020 and follows a competitive process in which funds advised by Apax Partners and the company’s management sold their stakes
07/2015	APAX PARTNERS	IDEALISTA	SPAIN	Media & Internet	Apax Partners’ funds have acquired the shareholdings in idealista SA held by Tiger Global Management, Kutxabank and Bonsai Venture Capital. The transaction, executed in Madrid, transfers ownership of a portion of the online marketplace’s equity to Apix investors while the founding trio retains a controlling interest and continues to manage day‑to‑day operations

REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 250M - 500M EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of IDEALISTA by CINVEN are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: idealista

Acquirer: cinven