Prosus-backed OLX to acquire La Centrale from Providence Equity Partners for €1.1bn.

Prosus-backed OLX, an online classifieds company, agreed to acquire La Centrale, an autos classifieds platform, from Providence Equity Partners, a specialist private equity investment firm, for €1.1bn. ”La Centrale is a natural fit within our classifieds portfolio. Our strategy is to unleash the growth potential of vertical marketplaces, building strong regional leaders by scaling businesses using our proprietary AI technology. La Centrale’s strong market position and talented team are the perfect foundation to deliver our trusted innovative customer-first technology solutions to France,” Christian Gisy, OLX CEO.