Blackstone, Permira’s Adevinta Said to Near Willhaben Stake Sale

Adevinta ASA, the European online classified company backed by Blackstone Inc. and Permira, is nearing an agreement to sell its stake in Austrian digital marketplace Willhaben, according to people familiar with the matter.

Adevinta is finalizing the terms of a sale of its holding to joint venture partner Styria Media Group and European growth investor Sprints, the people said. A transaction is set to value the business at about €500 million ($519 million) and could be announced as soon as Monday, said the people, who asked not to be identified as the information is private.

Blackstone and ...