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Announced

Permira to acquire a 10% stake in Adevinta from eBay for $2.25bn.

Financials

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Transaction Value£1,618m
Consideration TypeCash
Capital Owned-
Capital Bid For10%
EV/Sales9.4x
EV/EBITDA9.41x
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Friendly

Minority

Pending

Single Bidder

E-commerce

online marketplace

Norway

Cross Border

Acquisition

Public

Synopsis

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Permira, a global investment firm, agreed to acquire a 10% stake in Adevinta, a provider of Internet based services, from eBay, a global commerce company, for $2.25bn. The transaction is expected to close in Q4 2021, once regulatory approvals are secured. “Permira has a strong track record in investing in both online marketplaces and the broader technology sector. We are confident that Permira will be able to use this expertise to support Adevinta in capturing further value for all shareholders and ultimately add to our success as the global online classifieds leader," Rolv Erik Ryssdal, Adevinta CEO.

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