Blackstone and Permira to buy Adevinta for about $13 billion

Permira and Blackstone on Tuesday said that they will acquire eBay-backed online classifieds group Adevinta ASA for about 141 billion Norwegian crowns ($13.06 billion).

The companies have offered to pay Adevinta shareholders 115 Norwegian crowns per share.

As part of the deal, eBay said it would sell 50 per cent of its shares for an estimated $2.2 billion and would exchange the remaining shares for an equity stake of about 20 per cent in the newly privatized company.

Norway’s Adevinta had set up an independent committee in October to review an acquisition offer from an investor consortium led by Permira and Blackstone.

($1 = 10.7960 Norwegian crowns)

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