Polish auction site Allegro sold to private equity group for $3.25BN

Written by on October 17, 2016 in Business - Comments Off on Polish auction site Allegro sold to private equity group for $3.25BN
allegro

Private equity funds: Cinven Ltd, Permira and Mid Europa Partners have struck terms to buy 100% stake in Polish online auction site Allegro for $3.253 billion, the seller, South Africa-based global internet and entertainment group, Naspers Limited, said in a statement published online.

The deal, should it go through, is Poland’s biggest M&A transaction in memory and drew interest from several powerhouse private equity names plus sector bidders.

The target includes both the allegro.pl online auction site and the ceneo.pl price comparison site.

To continue reading, please visit The Warsaw Voice.

Comments

comments

About the Author