CVC Credit has provided debt facilities to support Cinven's acquisition of a majority stake in idealista, a prominent online real estate classifieds platform in southern Europe. Founded in 2000 and based in Madrid, idealista connects real estate agents and private individuals, allowing them to advertise properties for sale and rent. The platform also offers various digital services, including mortgage brokerage and CRM software, to streamline real estate transactions.

Under Cinven's management, idealista aims to enhance the digital experience for consumers and improve workflows for real estate agents. Moris Nachmias, Managing Director at CVC Credit, emphasized idealista's leadership in the market and the potential for growth in the region. He expressed confidence in supporting the company's digital transformation in the coming years.

Miguel Toney, a Partner at CVC Credit, highlighted the firm's extensive experience in idealista's markets through its Private Credit and Performing Credit divisions. This expertise, along with access to CVC's local teams, was instrumental in seizing this investment opportunity.

The acquisition reflects CVC Credit's ongoing commitment to supporting strategic growth in the real estate sector, as evidenced by its recent activities, including financing for various other acquisitions and refinancing efforts across different industries.