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New Deal


Announced

Completed

Schibsted completed the acquisition of a 67% stake in Nettbil.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For67%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

digital marketplace

Acquisition

Norway

Completed

E-commerce

Friendly

Venture Capital

Domestic

Private

Private Equity

Synopsis

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Schibsted, a family of digital consumer brands, completed the acquisition of a 67% stake in Nettbil, a digital marketplace for auction-based car sales to dealers all over Norway, from Aller Media, a magazine publisher, and Tjuvholmen Ventures, a Scandinavian venture capital firm. Financial terms were not disclosed. “Schibsted is devoted to investing in new concepts where we see growth potential, not least in our Nordic home market. Nettbil offers a unique concept that allows consumers to sell their used car in a new, fast and convenient way,” says Christian Printzell Halvorsen, Schibsted Executive Vice President and Head of Nordic Marketplaces.

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