12/12/2023
December 12, 2023
Anglo-Saxon funds, led by Blackstone and Permira, acquire Leboncoin for €12.1 billion. The deal, supported by major stakeholders, bolsters Leboncoin's role in Adevinta's success and marks a significant shift in the online marketplace sector.
In a significant shift in the European online marketplace landscape, Leboncoin, under the umbrella of Adevinta, has agreed to a takeover offer led by American investment fund Blackstone and British fund Permira.
Leboncoin, known for its popular classified ads in France and as the second most-visited e-commerce site after Amazon in the country, contributed significantly to Adevinta's revenue. In 2022, it generated €494 million, accounting for 30% of Adevinta's total revenue.
While this acquisition marks a pivotal change, some Adevinta board members express concerns, suggesting the offer undervalues the company's future potential. Nonetheless, Leboncoin continues to thrive, fueled by its parent company's strategic acquisitions and growth initiatives.