Permira and Blackstone, the private equity owners of German online auto marketplace Mobile.de, are weighing a potential initial public offering (IPO) for the platform.
The IPO, which could value Mobile.de at up to €10bn ($10.42bn), is being discussed as a major divestment from Mobile.de’s parent company, Adevinta, sources close to the matter have revealed.
The IPO, tentatively planned for 2026, would likely take place in Frankfurt. However, discussions are in early stages. The parties have not yet made a final decision. Both Permira and Blackstone, along with Mobile.de, declined to comment on the potential transaction.
Mobile.de was acquired by Adevinta, the former global leader in classifieds, as part of its $13.1bn buyout in 2023 led by Permira and Blackstone. The company reported €400m ($416.76m) in revenue and €240m in EBITDA for 2023.
Currently, Adevinta’s shareholders are working to disentangle its assets, including Mobile.de, from shared IT infrastructure—a process that could take up to a year. Additionally, Adevinta is pursuing other divestments, including selling stakes in Distilled, the owner of property site Daft.ie.
If the IPO proceeds, it will mark a significant milestone for Adevinta’s portfolio restructuring and a major move in the European private equity landscape.
Source: Reuters
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