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.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
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
Can’t stop reading? Read more
Coller and Ares back Bansk in Arcadia continuation deal
Coller and Ares back Bansk in Arcadia continuation deal Bansk Group has completed a continuation...
Arcano raises $1bn for fifth private equity secondaries fund
Arcano raises $1bn for fifth private equity secondaries fund Arcano Partners has closed its fifth...
CSG targets €25bn valuation in accelerated Amsterdam IPO
CSG targets €25bn valuation in accelerated Amsterdam IPO Czechoslovak Group is weighing an...