EQT, a global investment organisation, has announced that its EQT X fund will acquire the Spanish operations of online classifieds group Adevinta.
The deal, made with Aurelia Netherlands TargetCo B.V., marks a major carve-out of some of Spain’s most visited online marketplaces in sectors ranging from jobs and cars to homes and general classifieds.
Bert Janssens, Co-Head of Private Capital Europe & North America at EQT, said: “Adevinta Spain represents a highly thematic investment within one of EQT’s core sub-sectors, consumer internet. This investment reflects our strategy of backing high-growth platforms and partnering with world-class Management teams. We’re impressed by the businesses and look forward to supporting Adevinta Spain and its leadership team as they enter this next phase of growth.”
Founded in Stockholm in 1994, EQT currently manages around €266 billion in total AUM. The firm operates globally, with portfolio companies in Europe, Asia Pacific and the Americas, supporting them in sustainable growth and operational development.
Headquartered in Amsterdam, Adevinta is a global online classifieds group, but this deal pertains solely to its Spanish portfolio – home to several of the country’s most prominent platforms. These include:
- Coches.net, a digital automotive marketplace with around 20 million monthly visitors and approximately 7,000 dealers
- InfoJobs, a leading employment platform in Spain
- Fotocasa and Habitaclia, both major players in online real estate listings
- Milanuncios, a general classifieds website used by individuals and businesses across multiple categories.
With the transaction, EQT will support the transformation of Adevinta’s Spanish operations into a fully independent company. Its growth strategy will centre on AI-driven technology upgrades, product innovation, and enhancing user experience.
EQT says their team will work alongside local leadership across the five platforms to ensure continuity while accelerating scale and modernisation.
The deal also extends EQT’s already strong presence in Spain and builds on the firm’s sector expertise in digital consumer platforms.
In recent years, EQT has completed strategic investments in Universidad Europea, a private higher education provider in Spain and Portugal, and TravelPerk, a Barcelona-based global travel and expense management startup.
“Adevinta Spain’s platforms are leaders in their respective verticals in Spain, which gives them a promising base from which to further grow,” said Carlos Santana, Partner and Head of Spain & Italy Private Capital at EQT. “We’re excited to partner with the Management teams to help them scale, modernise and continue delivering value to Spanish customers and businesses.”
The transaction is still subject to regulatory approvals and standard closing conditions and is expected to complete during the first quarter of 2026. Once finalised, the EQT X fund will be approximately 60–65% invested based on signed or closed deals and other applicable commitments.
