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OLX Brazil to acquire Grupo ZAP

olx brazil

OLX Brazil to acquire Grupo ZAP and strengthen its position in the real estate segment in the country The deal values Grupo ZAP at approximately R$ 2.9 billion The partnership promises an improved user experience and service offering  The transaction is subject to approval by Brazil’s Antitrust Agency (CADE)  Amsterdam,

Adevinta refinances its bank facility to €600 million multicurrency Term Loan & Revolving Credit Facilities

Oslo, 27 February 2020: Adevinta ASA announces the refinancing of its existing €300 million bank facility with €600 million multi-currency Term Loan and Revolving Credit Facilities, which took effect on 25 February 2020. The Facilities include an accordion increase option, which provides flexibility for the parties to agree an increased

Adevinta announces its fourth quarter 2019 results

Q4 2019 Quarterly Results Presentation Adevinta Q4 2019 report Financial and Analytical Info Q4 2019 – Global total revenues rise 16% to €200 million – Revenue from verticals grew 20% – Brazil local currency revenues up 23% – Softness continues in Global Markets – EBITDA1 increased 16% to €52 million

Adevinta kicks off its 2020 Women in Leadership Program

women in leadership 2020

Adevinta today kicks off the second year of its Women in Leadership program, with a new cohort of 20 women from 10 different countries.  More women leaders are needed Women in Leadership is Adevinta’s year-long accelerated development program designed to get more talented, high-potential women ready to succeed in leadership

Adevinta Q3 Results

Global total revenues rise 15% to €180 million Core vertical marketplaces revenues climb 16% EBITDA up 38% to €54 million Cash flow up 71% to €37 million

Giuseppe Pasceri appointed as General Manager for Adevinta in Italy

Giuseppe Pasceri

Adevinta announces that Giuseppe Pasceri will succeed Melany Libraro as the new General Manager for Adevinta in Italy, overseeing Subito and InfoJobs.  Giuseppe joined Adevinta in Italy in 2018 from the Italian Government Digital Team, bringing extensive experience in digital transformation and user-centered businesses. He most recently served as Chief

Adevinta’s leboncoin Group finalises the acquisition of Argus Group

The acquisition enables leboncoin Group to create the most extensive offer in France’s online second-hand car market. Adevinta announces that leboncoin Group, France’s number one peer-to-peer website and leading online marketplace for cars, property and jobs, has today finalised the acquisition of Argus Group. Argus Group is one of France’s

Adevinta’s Board proposes to combine the Company’s two share classes

The Board of Directors of Adevinta ASA has resolved to propose a combination of the Company’s two share classes into one class of ordinary shares. This is in line with the Board of Directors’ intention as communicated in connection with the initial public offering and listing of the Company in

Adevinta announces that leboncoin Group has reached an agreement to acquire Argus Group

Alexandrine Breton des Loÿs, President of L’Argus Group, and Antoine Jouteau, CEO of leboncoin Group

Adevinta announces it has reached an agreement to acquire the Argus Group, the leading player in digital marketing services to the automotive industry in France, to further strengthen leboncoin Group, France’s number one peer-to-peer website and leading online marketplace for cars, property and jobs. The transaction is expected to close

Adevinta Ventures invests in Flatfair, a deposit-free renting platform

Adevinta, through its Adevinta Ventures team is investing in Flatfair, a “deposit-free” renting platform, in a US$11m Series A funding round, led by Index Ventures and with participation from other investors. Founded in 2016 and based in London, Flatfair facilitates rentals by removing the need for tenants to give landlords

Adevinta gets people moving outdoors; invests in fast-growing online RV marketplace

Adevinta, through its Adevinta Ventures team, has led a €7 million series A financing round for PaulCamper, a Berlin-based sharing platform for renting and lending RVs (recreational vehicles). RV owners can rent out their motorhomes, trailers and campervans on PaulCamper to outdoor enthusiasts. The ventures team worked together with co-investors

Adevinta Q2 2019 Results

Operating revenues rise 13% to €185 million Core vertical marketplaces revenues climb 16% EBITDA up 20% to €50 million EBITDA margins up from 25% to 27% Cash flow up 13% to €20 million