At Adevinta, we believe everything and everyone has a purpose in life. Our selection of digital brands unlock the full value in every person, place and thing by creating perfect matches on the world’s most trusted marketplaces.
With trusted brands that enjoy leading market positions, Adevinta operates a resilient business model at the centre of the second-hand economy at the time when consumers are seeking more sustainable and cost-efficient ways to buying products.
Sustainability is in our DNA, and we are recognised as a global sustainability leader by DJSI Europe. By providing marketplaces where people buy and sell second-hand goods, we contribute to the circular economy and help people live more sustainably.
At Adevinta we'll stay ahead of the curve by using innovation, curiosity and technology to develop products that help everyone and everything find new purpose.
We're all about matchmaking, and we take the same approach to hiring. But it's not just about finding the right skills for the job. It's also about making sure the role and the culture are the right match too.
We care about gaining and keeping the trust of our users, customers and stakeholders by acting responsibly, promoting sustainability and protecting the environment.
We invest in companies with tangible traction, a potential to scale beyond their domestic market, and who we can support with more than just financial resource.
Press room page for all your news
Adevinta continues the optimization of its portfolio by divesting Avito in Morocco, Tayara in Tunisia, and Fincaraíz in Colombia
Oslo, 8 October 2020 - Adevinta ASA has signed an agreement for the sale of its online classifieds businesses Avito in Morocco, Tayara in Tunisia and Fincaraíz in Colombia to Frontier Digital Ventures (FDV). All three sites hold leading market positions in their respective geographies.
FDV specialises in developing online classifieds businesses in emerging markets, with a particular focus on real estate and motors verticals and general classifieds websites. These acquisitions will add to FDV’s current portfolio of 12 investments across 18 markets. FDV will offer extensive support to Avito, Tayara and Fincaraíz to accelerate growth and enhance their products and services.
Rolv Erik Ryssdal, CEO Adevinta, said: “These divestments represent another important milestone in the optimisation of our portfolio. We are proud of how our teams in Morocco, Tunisia and Colombia have developed leading market positions by providing quality products and services to their users and customers.
“Although we see great growth potential for Avito, Tayara and Fincaraíz, our strategy is to place enhanced focus on large markets with leading positions. Frontier Digital Ventures is committed to growing these sites to their full potential. I am confident that their expertise in Emerging Markets will support these sites’ continued growth for the benefit of their local markets, users and teams.“
FDV’s Founder and CEO, Shaun Di Gregorio said: “Fincaraíz, Avito and Tayara are all great businesses in highly strategic and attractive markets for FDV. These acquisitions will complement FDV’s existing position in Morocco and accelerate our market entry into Colombia and Tunisia. We are highly supportive of the local management teams at Fincaraíz, Avito and Tayara. We look forward to working with each business to accelerate their growth and help them reach their full potential.”
Notes to the Editors
Media contacts Mélodie Laroche Corporate Communications T: +33 (0) 6 84 30 52 76 email@example.com
About Adevinta Adevinta is a global online classifieds specialist, operating digital marketplaces in 12 countries. The company provides technology-based services to connect buyers with sellers and to facilitate transactions, from job offers to real estate, cars, consumer goods and more. Adevinta’s portfolio spans 35 digital products and websites, attracting 1.5 billion average monthly visits. Leading brands include top-ranked leboncoin in France, InfoJobs and Milanuncios in Spain, and 50% of fast-growing OLX Brazil. Adevinta spun off from Schibsted ASA and publicly listed in Oslo, Norway in 2019. Adevinta is majority owned by Schibsted ASA and employs 4,700 people committed to supporting users and customers daily. Find out more at Adevinta.com.
About Avito, MoroccoLaunched by Schibsted in 2012, Avito is the top marketplace in Morocco with leading positions in motors and real estate. The site averages more than 23 million visits every month and 16 thousand new ads per day. Avito offers an exceptional customer experience, and has a strong impact on daily life, the digital industry and the overall economy in Morocco.
About Tayara, TunisiaLaunched by Schibsted in 2012, Adevinta operates three marketplaces in Tunisia. Tayara.tn, is Tunisia’s leading online classifieds site, averaging more than 10 million visits per month and seven thousand new ads per day. The real estate site ImmoExpert focuses on new constructions, and Talents is a strong jobs vertical.
About Frontier Digital Ventures FDV specialises in operating online classifieds businesses in emerging markets, with a focus on property and automotive verticals and general classifieds websites. These acquisitions are in either existing or adjacent markets for FDV and take their portfolio to 15 operating companies across 20 markets. FDV has a proven track record of building and supporting market leading online marketplace businesses.
Discover our media resources, brand assets, guidelines, photos and more