Shareholder in Daft.ie eyes sale of holding that would value owner Distilled at €600m

Daft.ie attracts 2.5m users every month

Distilled was established in 2015 after the operations of Daft.ie and its sister company, Adverts.ie, were merged with Adevinta’s Donedeal.ie. Picture: Larry Cummins

The shareholders of Distilled, which owns popular property site Daft.ie, are exploring options for their holdings including a possible sale that could value the business at as much as €600m, four people with knowledge of the matter told Reuters.

It would mark the first disposal by shareholder Adevinta since it was taken private last year by a consortium of private equity funds led by Permira and Blackstone.