Adevinta Sets July Deadline for Spain Assets Bids
Deal News | Jun 25, 2025 | Aim Group
Adevinta, the Norway-based digital marketplaces company, is moving towards divesting its Spain-based assets which include Coches.net, Fotocasa, Milanuncios, and InfoJobs. Private equity firms such as Apax Partners, EQT, and Hellman & Friedman are preparing bids for these assets, with a set deadline of July. This move comes as a part of a broader breakup strategy undertaken by Adevinta's owners, Blackstone and Permira, who had previously taken the company private. Amid a slowdown in the European M&A market, Adevinta's plans also include a potential IPO for its German division and recent sales of its stakes in Ireland and Austria markets. Valuations for the Spanish assets could reach up to €2.0 billion, and advisors like Goldman Sachs and LionTree have been called in to facilitate the sale.
Sectors
- Private Equity
- Digital Marketplaces
- Financial Advisory
Geography
- Spain – Adevinta's focus on divesting its Spain-based assets such as Coches.net, Fotocasa, Milanuncios, and InfoJobs makes Spain a central geography in the article.
- Norway – Adevinta, the company considering the divestment of its Spanish assets, is based in Norway.
- Europe – Blackstone's strategy considers the slowdown in European M&A activity, indicating the regional significance of the investment context.
Industry
- Private Equity – The article discusses potential bids from several private equity firms, including Apax Partners, EQT, and Hellman & Friedman, who are key players in the PE sector.
- Digital Marketplaces – Adevinta operates various digital marketplaces in Spain such as Coches.net, Fotocasa, and InfoJobs, which are central to the article's focus on the sale of these assets.
- Financial Advisory – Goldman Sachs and LionTree are acting as financial advisors for the potential sale of Adevinta's Spain-based assets, highlighting the involvement of financial advisory services in the transaction.
Financials
- 2.0 billion EUR – Potential valuation for Adevinta's Spain-based assets.
- 56.0 million EUR – Revenue reported for Adevinta Spain in Q4 2023.
- 65.0 million USD – Equivalent revenue in USD for Adevinta Spain in Q4 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Adevinta | Target | Company | A Norway-based digital marketplaces company planning to divest its Spain-based assets. |
| Apax Partners | Potential Bidder | Company | A private equity firm reportedly preparing a bid for Adevinta's Spanish assets. |
| EQT | Potential Bidder | Company | A private equity firm considering bidding for Adevinta's Spain-based assets. |
| Hellman & Friedman | Potential Bidder | Company | Another private equity firm interested in Adevinta's Spanish marketplaces. |
| Blackstone | Co-owner | Company | A co-owner of Adevinta, taken private by a consortium it led. |
| Permira | Co-owner | Company | Joined Blackstone in taking Adevinta private. |
| Goldman Sachs | Financial Advisor | Company | Appointed as an advisor for the potential sale of Adevinta's Spanish assets. |
| LionTree | Financial Advisor | Company | Working alongside Goldman Sachs as an advisor for the asset sale process. |
| Lionel Assant | Co-Chief Investment Officer | Person | Co-chief investment officer and head of Europe at Blackstone, mentioned for Blackstone's strategy. |