Deals
Buyout Firms Progress in Talks for eBay-Backed Adevinta
- Permira-Blackstone consortium in advanced talks on deal terms
- Suitors hope to reach agreement as soon as next week
Adevinta is a European online classifieds company.
Source: Getty Images
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Adevinta ASA’s private equity suitors are progressing in negotiations on a takeover of the European online classifieds company, which is set to be one of the year’s biggest buyouts, people with knowledge of the matter said.
The consortium led by Permira and Blackstone Inc. is in advanced talks on terms of a potential deal and hopes to reach an agreement as soon as next week, the people said. A deal could give Adevinta an equity value of more than $12 billion, according to the people, who asked not to be identified because the information is private.