London – Paul Hastings, the global law firm, today announces that it has advised Oakley Capital’s Fund IV on its minority investment in Idealista, the leading real estate classifieds platform in Southern Europe with operations in Spain, Italy and Portugal. The investment was made alongside EQT and management.

The transaction follows the sale of Casa.it by Oakley Fund III to EQT IX in September 2020. Casa.it was subsequently combined with Idealista’s Italian operations.

The Paul Hastings team included Partners Anu Balasubramanian, Arun Birla, Garrett Hayes, and Pierre Kirch, and associates Jamie Holdoway, Hannah Gray and Catherine Kennedy. Bernadette Accili, LMS Studio Legale, Ignacio Corbera, Garrigues, and Karl Pardaens, Elvinger Hoss Prussen, also provided assistance. Allen & Overy acted for EQT.

Advising on this deal further bolsters the Private Equity practice at Paul Hastings London, and follows its recent representations of Francisco Partners on the combination of Consignor with Unifaun, and Abry Partners and Link Mobility on the initial public offering of Link Mobility on the Oslo Stock Exchange.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognised as one of the world’s most innovative global law firms.