Deals
Blackstone, Permira Near €14 Billion Deal for eBay-Backed Adevinta
- Permira, Blackstone bid of 115 kroner/share is final offer
- Classifieds firm’s board says long-term value is higher
The Adevinta offices in Amsterdam, Netherlands.
Source: Adevinta ASA
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A private equity consortium offered to buy Adevinta ASA in a deal valuing the European online classifieds company at about €14 billion ($15 billion) including debt in one of the year’s biggest buyouts.
The investor group led by Permira and Blackstone Inc. is offering 115 kroner per share for Adevinta, according to a statement Tuesday, which confirmed an earlier Bloomberg News report. That represents about a 34% premium to Adevinta’s closing price on Sept. 21, the last trading day before Bloomberg News revealed their interest. The consortium said the proposal is its best and final offer.