Nordic private equity house EQT has placed an offer to wholly acquire Deutsche Telekom's internet portal Scout24, according to local reports.
Company intends to boost its production capability, bolster its international expansion and pursue a buy-and-build strategy
Accommodation booking site raised €21m from HV Holtzbrinck, Lakestar and Picus Capital in February
Sale ends a holding period of almost four years, during which the company made seven bolt-ons
Sale does not include life insurance business Amissima Vita, which generated premiums of around €900m in 2019