Oslo and London, 6 December 2021 – Adevinta ASA (ADE) (“Adevinta” or the Firm”) is happy to announce that its $9.2bn acquisition of eBay Classifieds Group (”eCG”) has been named because the “Expertise Deal of the Yr – Europe” on the TMT M&A Awards 2021. The deal, which, accomplished in June 2021, has created the biggest on-line classifieds participant within the western world. Monetary advisors for the transaction have been Citigroup (Adevinta), Barclays, Arctic Securities (Schibsted), Goldman Sachs, LionTree (eBay), whereas Authorized advisors included Skadden and BAHR, Cleary Gottlieb Steen & Hamilton, Wiersholm, Wachtell, Lipton, Rosen & Katz, Quinn Emanuel Urquhart & Sullivan.
The TMT Awards is an annual business competitors recognizing essentially the most profitable infrastructure and telecom offers globally that came about over the course of the previous yr. They’re hosted by TMT Finance, the premier M&A and funding info platform for the telecoms, media, and expertise sector, that gives perception, evaluation, and market intelligence.
Rolv Erik Ryssdal, Adevinta CEO stated, “Adevinta’s acquisition of eCG was a big milestone for the Firm, creating a number one on-line classifieds specialist working digital marketplaces around the globe. We’re honoured to be chosen as the most effective expertise deal of the yr on the TMT Awards in recognition of this achievement. It’s testimony to the dedication of our staff who’ve labored tirelessly to convey us to the place we’re in the present day.”
Ben Good, Editorial Director, TMT Finance stated: “Regardless of the continued challenges and uncertainty in the market and society at massive, deal circulate within the TMT sector – and significantly digital infrastructure – has been crimson scorching as mirrored on this yr’s collection of shortlisted offers and winners. Congratulations to all concerned. We anticipate this pattern to proceed into 2022 and want all shortlisted firms and folks continued success within the yr forward.”
Adevinta is now centered on efficiently integrating the 2 companies and executing on its new technique, “Rising at Scale”, launched on Tuesday 30 November, throughout its first Capital Markets Day for the reason that acquisition of eCG.
Notes to Editor
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Adevinta is a number one on-line classifieds specialist, working digital marketplaces around the globe. The corporate offers technology-based companies to attach consumers with sellers and to facilitate transactions, from actual property to motors, and client items.
Adevinta’s portfolio spans greater than 40 digital manufacturers, protecting one billion folks and attracting roughly three billion common month-to-month visits. Main manufacturers embrace top-ranked leboncoin in France, Germany’s main classifieds websites cell.de and eBay Kleinanzeigen, Marktplaats within the Netherlands, fotocasa and InfoJobs in Spain, and 50% of fast-growing OLX Brasil. Adevinta employs round 7,500 folks dedicated to supporting customers and clients each day. Discover out extra at Adevinta.com.
About TMT Finance
The awards are produced by TMT Finance. Launched in 2009, TMT Finance is the one M&A and funding info supplier for telecoms, media and tech globally, offering trusted
proprietary intelligence, deal knowledge and authoritative evaluation. Entry to TMT Finance permits shoppers to make essential choices and seize key funding and enterprise alternatives within the sector.To see the total record of TMT M&A Awards 20201winners please go to: https://www.tmtfinance.com/world-congress/awards/winners