EQT has announced that its EQT X fund will acquire Adevinta’s Spanish operations, which include some of the country’s most prominent online classifieds platforms: Coches.net, InfoJobs, Milanuncios, Fotocasa, and Habitaclia.

The acquisition reinforces EQT’s strategic focus on high-growth consumer internet platforms and follows a series of digital and tech-focused investments across Europe. The deal is expected to close in Q1 2026, pending customary regulatory approvals.

Adevinta Spain operates market-leading classifieds businesses in key verticals. Coches.net is the country’s top automotive platform, serving 7,000 dealers and 20 million monthly visitors. InfoJobs leads in online job listings, while Fotocasa and Habitaclia serve real estate buyers and sellers. Milanuncios offers a wide-reaching marketplace for general goods and services.

EQT plans to accelerate Adevinta Spain’s growth by investing in product development, AI-driven infrastructure, and user experience improvements. The firm also aims to support the leadership teams in scaling operations as the business transitions into a fully independent company.

“Adevinta Spain represents a highly thematic investment within one of EQT’s core sub-sectors, consumer internet,” said Bert Janssens, Co-Head of Private Capital Europe & North America at EQT. “This investment reflects our strategy of backing high-growth platforms and partnering with world-class management teams.”

Carlos Santana, Partner and Head of Spain & Italy Private Capital at EQT, added: “We’re excited to partner with the management teams to help them scale, modernise, and continue delivering value to Spanish customers and businesses.”

The deal builds on EQT’s longstanding presence in Spain and previous investments in Universidad Europea and Barcelona-based TravelPerk. With this transaction, EQT X will be approximately 60–65% invested.

Clifford Chance advised EQT on legal matters, while Ernst & Young served as financial, tax, and carve-out advisor.

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