A Permira and Blackstone-led consortium completed the acquisition of Adevinta for €13.6bn.

A consortium led by private equity firms Permira and Blackstone, completed the acquisition of Adevinta, a European online classifieds company, for €13.6bn. "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.