Adevinta, the father or mother firm of many main European labeled marketplaces, is in discussions concerning a possible sale. A consortium led by funding companies Permira and Blackstone is reported to have made a multi-billion-dollar provide.
This info comes from the German Supervisor Journal. Particular monetary particulars should not disclosed, and the negotiations are mentioned to be within the early levels. If a deal is reached, it will imply that platforms reminiscent of Kleinanzeigen, Cell.de, and Marktplaats would change possession.
Native manufacturers
Adevinta, which emerged as a spin-off of the Norwegian publishing firm Schibsted, is a dominant participant within the classifieds and market sector. It owns quite a few native manufacturers that collectively appeal to billions of holiday makers every month. A few of the main native manufacturers embody Leboncoin in France, InfoJobs in Spain, and Subito in Italy.
eBay Classifieds Group
A number of years in the past, Adevinta considerably expanded its attain. In 2020, the Norwegian firm formally registered for a takeover of eBay’s labeled advert enterprise, buying platforms reminiscent of eBay Kleinanzeigen (now merely Kleinanzeigen) and Cell.de in Germany, the Dutch Marktplaats, and Belgium’s 2dehands.be.
By means of this acquisition, which was solely accomplished in mid-2021 after approval from competitors authorities, eBay obtained 2.5 billion {dollars} in money and a 44 % stake in Adevinta. Since then, the Norwegian firm has described itself because the world market chief “with a singular portfolio of main market manufacturers”, in accordance with Rolv Erik Ryssdal, CEO of Adevinta.
Adevinta is the world’s largest on-line classifieds firm
The group additionally positions itself as a driver of the round economic system via its on-line marketplaces for second-hand merchandise.
Sale to traders
Reportedly, each Schibsted and eBay are open to a sale to traders, with each firms all for retaining smaller holdings.