TCV as Part of Aurelia Bidco to Acquire Adevinta
11.22.23
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Simpson Thacher is representing Technology Crossover Ventures (“TCV”) in connection with the announcement of a voluntary tender offer to acquire all of the outstanding ordinary Class A shares in Adevinta ASA (“Adevinta”) by Aurelia Bidco Norway AS which is owned by Permira, Blackstone, General Atlantic and TCV.
Adevinta is a global classified-ads specialist with online marketplaces in 10 different countries. It was spun out of Norwegian media company Schibsted in 2019 and operates websites across Europe. In 2020, the company merged with eBay’s classifieds business. That deal created the world’s largest online classified advertising business and made eBay the top shareholder in Adevinta.
The Simpson Thacher team includes Geoffrey Bailhache, Atif Azher, James Evelegh and Simone Chua (M&A).