Deals
Cinven, Permira Buy Allegro From Naspers for $3.25 Billion
- Naspers unit had attracted rival bids from CVC, Advent groups
- Permira and Mid Europa submitted joint bid with Cinven
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Cinven Ltd., Permira and Mid Europa Partners agreed to buy Naspers Ltd.’s Polish online auction site Allegro for $3.25 billion, taking on rivals such as EBay Inc. in the eastern European country.
The deal is part of Cape Town-based Naspers’s strategy to profit from its investments, according to a statement from the company Friday. Naspers bought Allegro in 2008 for about $1.5 billion. The acquiring group beat out other private-equity consortia including CVC Capital Partners and General Atlantic and a group composed of Advent International Corp. and Hellman & Friedman LLC, people familiar with the matter had said.