Apax Partners has agreed to acquire atHome Group, Luxembourg’s leading property and automotive marketplace, from Oakley Capital, marking a successful exit for the pan-European private equity firm.

The transaction brings Oakley Capital Fund III’s total gross returns to 2.3x money multiple and around 23% IRR across its investments in Casa.it and atHome.

Oakley originally acquired atHome in 2017 as part of a carve-out from REA Group, alongside Italian real estate portal Casa.it. The firm later sold Casa.it to EQT in 2020 while retaining a minority stake in atHome through its partnership with Mayfair Equity Partners.

Since the carve-out, atHome has established itself as the dominant player in Luxembourg’s online classifieds market, expanding from property and automotive listings into mortgages, insurance, and tax services. The platform now holds the highest traffic and engagement levels in its sector.

“We’re pleased to see such a strong outcome for Soufiane and the atHome team,” said Peter Dubens, Co-Founder and Managing Partner at Oakley Capital. “From our initial acquisition of atHome via a corporate carve-out to our partnership with Mayfair, atHome has grown into a digital market leader and consumer champion, with a bright future ahead.”

Soufiane Saadi, CEO of atHome Group, added: “I want to thank Mayfair Equity Partners and Oakley Capital for their support in helping us grow into a unique digital ecosystem. We’re delighted to partner with Apax, which has an enviable track record investing in online marketplaces and classifieds.”

The acquisition will allow atHome to continue expanding its platform and product suite across property, automotive, and financial services, while leveraging Apax’s experience in digital marketplaces.

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