A private equity consortium led by Permira and Blackstone, is in advanced negotiations over a deal to acquire European online classified ads business Adevinta ASA in what would be one of the biggest buyouts of the year, according to a report by Bloomberg.
The report cites unnamed sources with knowledge of the matter as revealing that the consortium is hoping to reach an agreement on the terms of the acquisition, which will be financed with private credit, as early as next week.
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According to Reuters sources, the deal could give Adevinta an equity value of over $12bn, although discussions are still ongoing and there is no certainty yet that the deal takeover will proceed.
Source: PrivateEquityWire
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