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New Deal


Announced

A Permira and Blackstone-led consortium to acquire Adevinta for NOK141bn.

Financials

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Transaction Value£10,507m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium54%
One Off Charge-

Tags

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Acquisition

Majority

Private Equity

Privatisation

Pending

Public

Norway

online marketplace

E-commerce

Cross Border

Single Bidder

Friendly

Synopsis

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A consortium led by private equity firms Permira and Blackstone offered to acquire Adevinta, a European online classifieds company, for NOK141bn. "We believe our offer provides attractive value and certainty for shareholders, whilst helping Adevinta take advantage of its long-term growth opportunities in a rapidly changing landscape. Access to flexible capital in a private context will ensure Adevinta remains competitive in this environment. We believe we can drive forward Adevinta’s strategy in the interest of the company and its stakeholders," Lionel Assant, Blackstone Head of European Private Equity. Schibsted is disposing of 13.6% of its ownership as part of this deal.

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