Lisbon, September 10, 2020 – Morais Leitão, in collaboration with Allen&Overy Madrid, advised the private equity fund EQT IX Investments S.à r.l. in the acquisition, from Apax Partners, of several companies of the Idealista group in Spain, Portugal and Italy, valuing the group at € 1.3 billion.
Morais Leitão’s cross practice team, led by the Managing Associate Diana Ribeiro Duarte, included the associates Rute Carvalho da Silva and Lourenço Limão Oliveira, as well the associate Inês Cabral Ferreira in employment matters and Maria Luísa Cyrne in data protection and intellectual property. The antitrust and competition team was led by partner Gonçalo Machado Borges.
Allen&Overy Madrid and Allen&Overy Italy advised the private equity fund EQT IX Investments S.à r.l. in the Spanish and Italian jurisdictions, respectively.
EQT Partners, with a 25-year history, is a global investment organization with €62 billion in commitments since its inception and €40 billion assets under management in 19 active funds. EQT has a well established track record of attractive and consistent investment in various sectors and countries in Europe, Asia-Pacific, United States and Canada.
The Idealista group is recognized for its online real estate classified ads platform in Portugal, Spain and Italy.