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New Deal


Announced

Completed

Schibsted demerged and listed Adevinta.

Financials

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Transaction Value£1,782m
Consideration TypeCash
Capital Owned-
Capital Bid For35%
EV/Sales-
EV/EBITDA40x
Share Price Premium-
One Off Charge-

Tags

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Norway

online marketplace

Demerger

Friendly

Completed

Public

E-commerce

Spin Off

Single Bidder

Private Equity

Synopsis

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Schibsted, an international media group, demerged and listed Adevinta, an international online marketplaces company, in a $2.3bn deal. “Today’s listing is an important milestone for Adevinta. Our listing and pure-play status in online marketplaces enables us to pursue a more aggressive, agile expansion strategy, while keeping pace with the rapidly changing dynamics and technology of the marketplaces industry,” Rolv Erik Ryssdal, Adevinta CEO.

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