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Apax Reduces its Valuation of the Real Estate Portal Idealista by 15%

The reduction by the British group in its valuation of the portal Idealista takes that firm's price to below €800 million.

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The British venture capital group Apax Partners has sent the investors of its funds the latest valuation of the companies in which it participates. The figures include a 15% discount to the price that it assigns to the property portal Idealista, according to Expansión.

The paralysis of economic activity due to the measures imposed to curb the contagion of Covid-19 has caused significant adjustments to Apax’s portfolio, according to data at the close of March 2020.

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