Sterling Partners/Permira Funds $925 million acquisition of eBay enterprise unit

3/11/2015

Acquisition finance, Asset acquisition

Value:

$ 925 million

Status:

Completed

Date:

3/11/2015

Overview:

Private equity firms Sterling Partners and Permira Funds have acquired eBay's Enterprise unit.
Sterling has assumed control of the unit's enterprise operations and enterprise technology services, while Permira Funds has obtained the Magento commerce technologies business.
Union Square Advisors and Raymond James Associates provided financial advice to Permira Funds.
The deal was first announced in July 2015.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal types:

Acquisition finance
Asset acquisition

Practice areas:

Private equity
M&A

Governing law:

United States

Industry sectors:

Consumer goods and services
Technology and telecommunications

Firms:

Fried Frank Harris Shriver & Jacobson

Party: Permira Funds (Acquirer)

Lawyers: Randi Lally, Robert Schwenkel

Morgan Lewis & Bockius

Party: eBay (Seller)

Lawyers: Kevin Shmelzer, Richard Aldridge

Simpson Thacher & Bartlett

Party: Sterling Partners (Borrower, Acquirer)

Lawyers: Atif Azher, James Cross

Weil Gotshal & Manges

Party: eBay (Seller)

Lawyers: Gabriel Gregson, Kyle Krpata

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