EQT Secures Acquisition of Adevinta’s Spanish Online Classifieds Platforms for Growth

EQT's Strategic Move to Acquire Adevinta Spain

In a significant step forward for the EQT X fund, the acquisition of Adevinta's Spanish operations marks a pivotal moment in the online classifieds landscape. This deal, involving well-known platforms such as Coches.net, InfoJobs, Milanuncios, Fotocasa, and Habitaclia, aims to capitalize on the ongoing digital transformation in Spain’s market. These platforms are characterized by their stronger brand recognition and serve a variety of sectors, including automotive, job markets, real estate, and general classifieds.

A Closer Look at Adevinta Spain's Platforms

Adevinta Spain hosts some of the most prominent online platforms tailored for specific needs. For instance, Coches.net functions as the leading digital marketplace for automotive classifieds in Spain, accommodating around 7,000 dealers and attracting approximately 20 million monthly visitors. This platform offers a robust service for both vehicle sellers and buyers, establishing a well-defined online presence in automotive commerce.

On the employment front, InfoJobs stands as Spain's foremost online job marketplace, bridging candidates with a wide array of employers. This platform not only enhances job visibility but also connects individuals seeking new opportunities across diverse sectors.

Moreover, the real estate categories are covered through Fotocasa and Habitaclia, catering to real estate agents as well as home buyers and sellers. These platforms provide necessary tools for individuals navigating the property market, grounding themselves as essential resources for anyone interested in real estate transactions in Spain.

Lastly, Milanuncios serves as one of the largest general classifieds platforms, embracing a wide range of categories from consumer goods to services. This versatility is a testament to its user-friendly interface and effective operations in the classifieds realm.

Driving Growth and Innovation

EQT's clear vision for Adevinta Spain is centered on fostering growth and pushing for innovation within these leading platforms. By implementing accelerated product innovation, EQT aims to enhance customer experiences and bolster the technological infrastructure through advancements in AI and other digital tools. The strategy also emphasizes a hands-on partnership with the leadership teams of these platforms, ensuring alignment with long-term expansion goals.

Bert Janssens, Co-Head of Private Capital Europe & North America at EQT, expressed confidence in this acquisition, recognizing Adevinta Spain as a strategic investment that correlates with EQT's core focus on consumer internet sectors. Janssens mentioned the commitment to supporting high-growth platforms alongside seasoned management teams, setting a roadmap for creating value and modernization across these platforms.

Carlos Santana, a partner at EQT looking after Spain and Italy's Private Capital sector, highlighted the remarkable potential of Adevinta Spain's platforms, affirming their leadership positions in the marketplace and how they can expand further.

Looking Ahead

EQT's acquisition is subject to customary conditions and regulatory approvals, with closure expected during Q1 2026. Following this transaction, EQT X is predicted to engage 60-65% of its investment capacity, marking a significant stride in aligning with the online classifieds market globally. This acquisition not only reflects EQT's ambition in the investment field but also reinforces its established foothold in Spain through recent successful transactions.

The collaboration with legal counsel from Clifford Chance and financial advisors Ernst & Young signifies EQT's commitment to a smooth transition for Adevinta Spain into a fully independent entity. As EQT embarks on this venture, the spotlight remains on how these platforms will evolve in an increasingly digital-first marketplace, delivering unmatched value to Spanish customers and businesses alike.