CVC Credit, the global credit management business of CVC, recently provided debt facilities to fund the acquisition of a majority stake in idealista, the leading online real estate classifieds platform in southern Europe, by Cinven.

Founded in 2000 and headquartered in Madrid, idealista provides online real estate classifieds portals for real estate agents and private individuals across southern Europe where they can advertise their property portfolio for sale and for rent. idealista’s online platform also offers a range of additional digital services including mortgage brokerage, CRM software, rental and agency services, and insurance brokerage to assist and facilitate real estate transactions.

Moris Nachmias, Managing Director at CVC Credit, commented: “idealista is the leading online real estate classifieds platform in southern Europe, which  comprises both large addressable and growing markets. Under Cinven’s stewardship, idealista will now look to accelerate the digitalisation of the consumer journey and real estate agent workflows. CVC Credit is pleased to be supporting this journey over the coming years.”

Miguel Toney, Partner at CVC Credit, said: “The depth of CVC Credit’s platform means that we already had experience of investing in idealista’s markets, in both our Private Credit and Performing Credit businesses. This knowledge, coupled with the ability to access the expertise of CVC’s local teams was crucial in accessing this opportunity.”