Adevinta Considering Selling all Spain-Based Assets

Adevinta continues to reconsider the future of its Spanish marketplace assets, according to reports from Reuters and Spanish business daily Expansión.

The assets under discussion operate across several horizontals, including automotive, real estate, jobs, and general goods.

Citing sources familiar with the matter, Reuters reported that the portfolio—estimated to generate around €130 million in annual EBITDA—could fetch up to €2 billion ($2.2 billion U.S.) if sold as a package or in parts. Investment banks Goldman Sachs and LionTree have reportedly been hired to advise on the process.

Adevinta's Spain segment has reportedly been up for sale since November 2024.

The businesses under review include Coches.net, Spain’s leading auto platform; Motos.net for motorcycles; Fotocasa, the country’s second-largest real estate portal; regional property site Habitaclia; general classifieds site Milanuncios; and InfoJobs, the country’s dominant recruitment portal.

The move follows last year’s €13.4 billion acquisition of Adevinta by a private equity consortium led by Blackstone and Permira. Since then, the company has been trimming its footprint in what it considers non-core markets, with exits from Ireland and Austria already completed. Spain now appears to be next in line.

According to earlier reporting by El Nacional, internal preparations for a sale were already underway at Adevinta’s Barcelona office in late 2024. The newspaper cited unnamed insiders who said the new owners are targeting a full return on their investment within five years by making individual marketplaces more autonomous—potentially enabling private sales or public listings.

Adevinta sold its stake in Austrian horizontal marketplace Wilhaben in March, while talks to restructure its debt, with up to $6.5 billion in loans, are ongoing.