Adevinta Sells Spanish Operations to EQT X Fund
Deal News | Jul 21, 2025 | PR Newswire Cision EQT
EQT is acquiring Adevinta's Spanish online classifieds operations through the EQT X fund. Key platforms like Coches.net, InfoJobs, Milanuncios, Fotocasa, and Habitaclia are included in the acquisition. These platforms benefit from secular megatrends such as the shift from offline to online marketing. EQT aims to support the growth of these platforms using its digital expertise and 'local with locals' approach. Adevinta Spain includes well-established platforms that serve various sectors including automotive, job placements, and real estate. EQT aims to accelerate product innovation, improve customer experience, and expand AI infrastructure. This acquisition complements EQT's investments in higher education and travel management platforms in Spain and Portugal. The transaction, subject to customary conditions, is expected to close in Q1 2026.
Sectors
- Online Classifieds
- Private Equity
- Digital Marketing
Geography
- Spain – Adevinta Spain's operations predominantly take place in Spain, making it central to the geography of the article.
- Sweden – EQT, the acquiring firm, is based in Stockholm, Sweden, adding this geography to the context.
Industry
- Online Classifieds – The acquisition involves leading online classified platforms such as Coches.net and InfoJobs, thereby categorizing it under this industry.
- Private Equity – EQT, a private equity firm, is the acquiring party, indicating involvement from the private equity sector.
- Digital Marketing – A key aspect of the acquisition is capitalizing on the shift from offline to online marketing, situating the deal within the digital marketing landscape.
Financials
- 60-65% invested – Post-acquisition, EQT X Fund is expected to be 60-65% invested.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EQT X Fund | Bidding Company | Company | A private equity fund managed by EQT, acquiring Adevinta's Spanish operations. |
| Adevinta Spain | Target Company | Company | A Spanish entity incorporating several online marketplace platforms being acquired by EQT. |
| Aurelia Netherlands TargetCo B.V. | Selling Company | Company | The ultimate holding firm from which EQT is acquiring Adevinta Spain. |
| Clifford Chance | Legal Advisor | Company | Provided legal counsel to EQT for this transaction. |
| Ernst & Young | Financial Advisor | Company | Acted as financial, tax, and carve-out advisor for EQT. |