Blackstone, Permira’s Adevinta Sells Stake in Willhaben

Adevinta ASA, the European online classified company backed by Blackstone Inc. and Permira, has sold its stake in Austrian digital marketplace Willhaben.

Adevinta sold its holding to joint venture partner Styria Media Group AG and European growth investor Sprints, Styria said in a statement Monday. Bloomberg News reported Sundaythat a transaction was imminent and could value the business at about €500 million ($520 million), citing people with knowledge of the deal.

Styria didn’t provide financial details of the transaction in its statement.

Blackstone and Permira agreed to buy Adevinta in 2023 and it was delisted ...