PE Firms to Acquire eBay-Backed Adevinta in €14 Billion Deal (1)

A private equity consortium offered to buy Adevinta ASA in a deal valuing the European online classifieds company at about €14 billion ($15 billion) including debt in one of the year’s biggest buyouts.

The investor group led by Permira and Blackstone Inc. is offering 115 kroner per share for Adevinta, according to a statement Tuesday, which confirmed an earlier Bloomberg News report. That represents about a 34% premium to Adevinta’s closing price on Sept. 21, the last trading day before Bloomberg News revealed their interest. The consortium said the proposal is its best and final offer.

Adevinta’s board said ...