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Freshfields advises Permira and Blackstone on take-private of online-classifieds business Adevinta
Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) is lead transaction counsel for Permira and Blackstone on the take-private of Oslo-listed Adevinta.
Permira and Blackstone, together with General Atlantic and TCV announced a voluntary offer to shareholders of Adevinta earlier today. The offer is supported by over 72% of the share capital of Adevinta, including each of eBay and Schibsted, who are significant existing shareholders of Adevinta. Adevinta is a global online-classifieds specialist and a prominent player in key European markets – including the “Kleinanzeigen”, “mobile.de” and “Leboncoin” platforms.
Based on the offer price per Adevinta share of NOK 115, the offer values Adevinta at around NOK 140 billion equity value, which including debt translates into a transaction value of approx. EUR 14 billion.
The transaction is one of the largest European buyouts announced in 2023.
You can find more details here.
The international Freshfields team acting for Permira and Blackstone is led by Frankfurt-based financial sponsors Partners Markus Paul and Olga Stürmer and Principal Associate Carsten Haak.
The team also includes Amsterdam-based Partners Hanneke Rothbarth and Thijs Flokstra, antitrust Partners Thomas Wessely and Paul van der Berg, as well as Partners Toby Bingley, Alex Mitchell, Lutz Riede and Frank Schaer, and Counsel and Associates Nicolas Altmeyer, Mesut Korkmaz, Gisela Santos, Jan Jeram, Zoe Walker, Marie de Crane d'Heysselaer, Elaine Pajeot, Mark Maarschalkerweerd, Stephan Reemts, Maximilian von Scheidt, Maximilian Hobuss, Leonie Persant Snoep, Terence Ayres, Konrad Stilin, Tim Elkerbout, Chris Yarrow, Fabian Zöpfchen, Yulianna Tkach, Iris Amschl, Marlen Vesper-Gräske and Lukas Pomaroli, among others.
