At what enterprise value was IDEALISTA acquired in 2020?

During the acquisition of IDEALISTA by EQT PARTNERS in 2020, 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 EQT PARTNERS?

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 EQT PARTNERS?

IDEALISTA was acquired by EQT PARTNERS in 2020.

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 100M - 200M 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://eqtgroup.com/news/eqt-acquires-idealista-the-leading-online-real-estate-classifieds-platform-in-southern-europe-2020-09-10

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Home Database TMT (Tech, Media, Telecom)IDEALISTA

09/2020

EQT PARTNERS takes majority stake in IDEALISTA

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

Context

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. Management will retain a significant equity interest and continue to lead the business under founder and CEO Jesús Encinar. The deal is subject to customary regulatory approvals and is expected to close in December 2020. The acquisition aligns with EQT’s thematic focus on high‑growth digital businesses that benefit from network effects and shifting consumer behavior toward online channels. EQT intends to leverage its digital expertise, sector knowledge and extensive advisory network to accelerate idealista’s expansion within its core markets and to deepen its suite of value‑added services for agents. By integrating EQT’s “local with locals” approach, the buyer aims to enhance platform technology, broaden data‑analytics offerings and strengthen the mortgage brokerage component. Post‑closing, EQT plans to invest in product development, marketing and talent acquisition to increase user engagement and agent adoption. The combined resources are expected to improve operational efficiency, expand the company’s service portfolio and reinforce its position as a primary destination for property transactions in Southern Europe. These actions should generate incremental traffic, higher service utilization and greater cross‑selling opportunities across the platform’s ecosystem.

It is worth noting that the fund Apax Partners took control of Idealista through an LBO in 2015.

IDEALISTA, which reported an EBITDA margin of LOGIN in 2019, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to 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.

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

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.

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List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
06/2024	CINVEN	IDEALISTA	SPAIN	Media & Internet	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
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: 100M - 200M 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 EQT PARTNERS 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: eqt partners