Adevinta Spain Enters New Chapter with EQT Acquisition
Deal News | Jul 21, 2025 | EQT
EQT, through its EQT X fund, has agreed to acquire Adevinta's Spanish online classifieds businesses. These businesses encompass leading platforms such as Coches.net, InfoJobs, Milanuncios, Fotocasa, and Habitaclia, which are dominant players in the Spanish automotive, employment, and real estate sectors. The acquisition aligns with EQT's strategic focus on high-growth platforms in the consumer internet sector and reflects a commitment to supporting Adevinta Spain's growth through enhanced product innovation and technology infrastructure. The transaction underscores EQT's established experience in the online classifieds domain both globally and within Spain. Legal and financial advisors for EQT include Clifford Chance and Ernst & Young. Subject to regulatory approvals, the transaction is anticipated to conclude in the first quarter of 2026.
Sectors
- Online Classifieds
- Private Equity
- Consumer Internet
Geography
- Spain – The primary geographical focus is Spain, as the target companies operate within the Spanish market.
- Netherlands – Aurelia Netherlands TargetCo B.V. is mentioned as Adevinta's Spanish operations' holding entity.
- Global – EQT has a global presence and has made other transactions in the region, highlighting their international focus and strategy.
Industry
- Online Classifieds – The primary industry involved is Online Classifieds, as this sector constitutes the core business operations of Adevinta's Spanish platforms being acquired by EQT.
- Private Equity – Private Equity, as EQT is executing the acquisition through its EQT X fund, demonstrating investment in high-growth platforms.
- Consumer Internet – Consumer Internet, relevant given that the platforms cater to a broad range of consumers, offering services such as automotive sales, job listings, and real estate transactions online.
Financials
- 60 - 65 percent – Represents the expected investment level of the EQT X fund post-transaction, inclusive of all commitments.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EQT | Acquirer | Company | A leading global investment organization acquiring Adevinta's Spanish online classifieds businesses. |
| Adevinta Spain | Target Company | Company | Comprises a range of well-established online classifieds platforms in Spain. |
| Aurelia Netherlands TargetCo B.V. | Vendor | Company | The holding company from which EQT is acquiring Adevinta's Spanish operations. |
| Clifford Chance | Legal Advisor | Company | Provided legal counsel to EQT for the acquisition. |
| Ernst & Young | Financial Advisor | Company | Served as financial, tax, and carve-out advisor to EQT. |