Adevinta, the online classifieds group taken private in 2023 by a private equity consortium led by Blackstone and Permira, is preparing to divest its Spanish operations in a move expected to generate over €2bn, according to sources cited by Reuters.

The planned sale will include key digital platforms such as job board InfoJobs, property portal Fotocasa, and car marketplace Coches.net. The Spanish division reportedly generates around €130m in EBITDA, making it a highly cash-generative and attractive proposition for both financial sponsors and strategic buyers.

The divestment is part of a wider value-creation strategy implemented by Adevinta’s private equity backers, which also include General Atlantic and TCV. The consortium aims to streamline the group’s footprint by concentrating on core markets in Germany, France, and the Benelux region, while selling non-core assets to optimise returns and operational focus.

The move follows several portfolio optimisation steps, including the recent disposal of Adevinta’s stake in Austrian classifieds business Willhaben and reported preparations for an IPO of Mobile.de, the company’s German automotive platform, in 2026.

Private equity firms have been increasingly active in the digital classifieds sector, with Cinven acquiring Spanish real estate platform Idealista last year and Rightmove rejecting a multibillion-euro bid from Australia’s REA Group. The strong appetite for digital marketplace assets has continued to drive M&A momentum across the sector.

Source: Reuters

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