Swedish private equity firm EQT has agreed to acquire the Spanish business of Norwegian classified advertising giant Adevinta in a deal valuing the assets at approximately €2bn ($2.3bn), as Adevinta moves to streamline its European portfolio, according to a report by Reuters.
The transaction, announced on Monday, marks a significant step in Adevinta’s strategy to concentrate operations on its core markets – Germany, France, and Benelux – under the ownership of a private equity consortium led by Blackstone and Permira. Adevinta had been exploring a sale of its Spanish unit since May, according to earlier Reuters reports.
The Spanish portfolio includes six prominent digital marketplaces: job portal InfoJobs, property platform Fotocasa, vehicle marketplaces coches.net and motos.net, and other high-traffic classifieds platforms.
The sale is part of a broader divestment initiative at Adevinta. The company has already agreed to offload its stake in Austrian classifieds platform Willhaben and is reportedly considering a potential IPO of its German automotive site, mobile.de.
EQT’s acquisition of the Spanish assets adds to its experience in the sector; the firm previously owned Spanish real estate platform Idealista, which it sold in 2024 while retaining a minority stake.
