Service “Allegro”, was sold for 3.25 billion dollars Is the largest transaction in Poland. Unofficially information money.pl have already been confirmed by the new owners.
the New owner of the Band “Allegro” – a group of funds Cinven, Permira and Mid Europa Partners, about the first wrote money.pl
the Amount of 3.25 billion dollars is the biggest deal in the Internet market in Poland. Also takes into account the debts of the company.
the owner of the Group “Allegro”, which also belongs the most popular in Poland, price comparison – Ceneo, today was the international concern of media house Naspers, with its headquarters in South Africa.
– the “Allegro” is a wonderful business. The clear leader, well positioned to take advantage of the development of e-commerce market, thanks to the excellent technological platform and excellent reputation among users, says the new owner, David Barker, partner at Cinven Fund.
Richard Sanders, partner at Permira adds: “we believe that Allegro is currently in an ideal position to achieve the fill benefits of further development of the market for Internet and mobile devices.
- the Combined experience of Cinven, Permira and Mid Europa will give us a unique knowledge and know-how in the growing sector of e-Commerce and business technologies on the markets of Central and Eastern Europe. We are glad that we get from them financial support and access to sectoral knowledge for further development, – says Przemyslaw Budkowski, General Director of “Allegro”.
the Deal is subject to standard antitrust agreement.
Speculation about sales “Allegro”, went on the market for months. This is because “Allegro” is growing slower than other assets of the group from South Africa. Naspers already in the middle of the year was to hire Morgan Stanley, the Bank that advised the company in this transaction, as reported by Bloomberg. South African group wants to withdraw from Eastern Europe, because are more interested in investing in China or Brazil.
in early October, the most serious competitor for the group of funds Cinven, Permira and Mid Europa Partners was CVC Capital Partners, together with General Atlantic. According to Bloomberg, these two funds amounted to Naspersowi the best offers of purchase and sale.
Earlier rumors said that Allegro interested private equity funds and technology companies from China. As a potential buyer called Alibaba, but on American eBay.
Allegro.pl is the largest e-Commerce platform in Eastern Europe. The number of students attending its users reached 14 million per month. According in PBI/Gemius, the whole Group “Allegro” visits per month to 18 million users.
the Group from South Africa was the owner of “Allegro” in 2008. Then paid 1.5 billion euros for the British company Tradus which was the owner of Allegro.
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