Paul Hastings (Europe) LLP has advised Oakley Capital, a prominent pan-European private equity investor, on the sale of its interest in idealista, the leading real estate platform in Southern Europe, to international private equity firm Cinven. The transaction also involves EQT, the majority shareholder in idealista, and Apax Partners, who will additionally divest their shareholdings. Cinven will acquire 70% of idealista, while EQT, which secured idealista at a EUR 1.3 billion valuation in 2020, will hold onto an 18% stake. Partners Anu Balasubramanian and Jamie Holdoway led the Paul Hastings team in this major deal.

Private Equity, Real Estate, Legal Services,Europe, Southern Europe