Oslo ,1 December 2021 -Adevinta ASA (ADE) ("Adevinta " or "the Company") announces that it has completed the sale of GumtreeUK and Motors.co.uk to a consortium consisting ofO3 Industries ("O3"), aNew York -based family investment fund, andNovum Capital , a private equity firm based out ofFrankfurt . The sale is part of a previous agreement with theUK's Competition and Market Authority (CMA) for approval ofAdevinta's acquisition ofeBay Classifieds Group ("eCG"). InJune 2021 , the CMA announced that it had accepted undertakings offered byAdevinta and eBay to resolve the competition concerns raised by theUK regulator, following its review ofAdevinta's acquisition of eCG. These remedies included the sale of GumtreeUK (including Motors.co.uk), as well as Shpock, whichAdevinta divested toRussmedia Equity Partners inJune 2021 .O3 and Novum Capital both have long track records in the media and entertainment industry, helping businesses to grow and realise value. Combining their significant experience and deep sector expertise, the two firms will focus on investing in and growing the GumtreeUK business, leveraging the company's strong brand recognition in theUK market and their competency in digital marketing, media and data.Rolv Erik Ryssdal ,Adevinta CEO, said: "We are pleased to have completed the sale of GumtreeUK and Motors.co.uk toO3 and Novum Capital . There was a high level of interest throughout the sale process, reflecting the quality of the GumtreeUK business and management team. We are confident that bothO3 and Novum Capital are well placed to continue growing GumtreeUK and Motors.co.uk as they focus on providing leading classifieds advertising services to theUK market. "The acquisition of eCG was a significant milestone forAdevinta , and we remain focused on successfully integrating the two businesses. The combination provides us the scale, expertise and talent to build innovative, world-class products that create value for all of our stakeholders."Daniel Ozen , President ofO3 Industries , said: "We are excited to have reached this agreement to acquire GumtreeUK and Motors.co.uk, an iconic general classifieds as well as automotive marketplace.O3 Industries is a trusted partner for businesses that have both a demonstrated record of innovation and customer service and, at the same time, clear opportunities for continued growth. That is precisely what we see in GumtreeUK and Motors.co.uk. We look forward to working with its talented and experienced team and welcoming its associates into the O3 family."Felix Homann , Partner ofNovum Capital , added: "GumtreeUK's value proposition is more vital than ever, enabling consumers to participate more in the circular economy by buying and selling second-hand. Likewise, Motors.co.uk supports car dealers in satisfying the growing demand from consumers for a great online car buying experience. We are excited to put our expertise and passion to work in order to seize the opportunities this presents." In 2020, GumtreeUK and Motors.co.uk accounted for c. 7% of consolidated revenues foreBay Classifieds Group and c. 4% for totalAdevinta . -Ends- Notes to Editor AboutAdevinta Adevinta is a global online classifieds specialist, operating digital marketplaces in 15 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 more than 40 digital brands, covering one billion people and attracting approximately three billion average monthly visits. Leading brands include top-ranked leboncoin inFrance ,Germany's leading classifieds sites mobile.de andeBay Kleinanzeigen , Marktplaats inthe Netherlands ,Kijiji inCanada , fotocasa and InfoJobs inSpain , and 50% of fast- growing OLX Brasil.Adevinta spun off fromSchibsted ASA and publicly listed inOslo, Norway in 2019.Adevinta employs around 7,500 people committed to supporting users and customers daily. Find out more at Adevinta.com (https://www.adevinta.com/). AboutO3 Industries Headquartered inNew York ,O3 Industries is an investment fund focused on executing complex acquisitions and undertaking strategic transactions requiring divisional carve-out experience. O3 creates value by combining entrepreneurial spirit and operational expertise, delivering industry leading results over the long-term. Find out more at o3industries.com (https://www.o3industries.com/). AboutNovum Capital Novum Capital invests in small and medium-sized companies with annual revenues of up to200 million euros on behalf of German and international pension funds, private pension schemes, and endowments.Novum Capital thus contributes to the investors' ability to continue to provide financial support for their beneficiaries and/or to pursue the purpose of their organisation to the fullest extent possible.Novum Capital helps its portfolio companies to improve their market position, increase their profitability, enhance the benefits of their business models for society - and increase the value of their company.Novum Capital approaches these tasks with all its business expertise - and passion. Find out more at: novumcapital.com (https://www.novumcapital.com/en/). ContactsMélodie Laroche Head of Corporate Communications +33 (0) 6 84 30 52 76 melodie.laroche@adevinta.com (mailto:melodie.laroche@adevinta.com) /press@adevinta.comMarie de Scorbiac Head of Investor Relations ir@adevinta.com (mailto:ir@adevinta.com )John Kiely /Latika Shah /Olivia Adebo Edelman Smithfield +44 (0)7785 275665 / +44 (0)7950 671 948 / +44 (0)7787 284 441 adevinta@edelman.com This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
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