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Citigroup: Significant Advisory Role In Acquisition of Adevinta

Citigroup is celebrating its pivotal role as an adviser in the record-breaking acquisition of Adevinta, the online classifieds market leader, by a consortium led by Permira and Blackstone.

Citigroup HQ in Canary Wharf London. Photo: Getty Images
Citigroup HQ in Canary Wharf London. Photo: Getty Images

The deal, valued at approximately $15 billion, marks the largest technology take-private in the EMEA region, heralding a new era of expansion and innovation for Adevinta.

The acquisition, announced on November 21, 2023, involves Permira and Blackstone, along with other investors such as General Atlantic and TCV, making a voluntary offer through Aurelia Bidco Norway AS to purchase all outstanding Adevinta ASA shares.

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