IN BRIEF: Apax Global says Apax X sells minority stake in idealista

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Apax Global Alpha Ltd - London-based investment trust - Says Apax X Fund has agreed to sell its minority stake in idealista, an online real estate classifieds platform in Southern Europe, to Cinven. Apax X invested in idealista for a minority stake in February 2021. The transaction values AGAs look-through investment in idealista at approximately EUR14.8 million, an uplift of around 9.6% to the last unaffected valuation, Apax Global says. The transaction is expected to close in the fourth quarter of this year.Current stock price: 158.50 pence each, up 0.3% on Monday afternoon in London

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