Dec 21, 2022

Share this Post:  According to a report in local publication hispanidad.com, leading Spanish portal company idealista has refinanced €100m in debt in order to pay its owners a dividend. The portal company refinanced its debt with Spanish banks Santander, CaixaBank, ING and others agreeing to a 2028 maturity date at a higher rate of interest. The operation was reportedly done through parent company Idealista Global which operates 15 companies including portals in its native Spain as well as Portugal and Italy. Prior to 2020, idealista was owned by the private equity fund Apax Partners. In 2020, as the company was reportedly growing frustrated at a lack of progress towards an IPO, Swedish private equity fund EQT bought idealista for a reported €1.3 billion before selling minority stakes to Oakley Capital and back to Apax Partners. Despite being a market leader in Spain and Portugal and arguably in Italy as well, idealista was reported to have lost €95 million in 2021. Read more December 21, 2022 Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020. Subscribe to our mailing list to get the famous, free Friday newsletter! News and analysis to help build better online marketplace businesses, in your inbox, every Friday Email address*