Hellman & Friedman to buy 70% of Scout24
Deutsche Telekom AG has agreed to sell a 70 percent stake in online classified advertising business Scout24 Holding GmbH to Hellman & Friedman at an enterprise Value of EUR 2 billion (US $2.7 billion). Deutsche Telekom is keeping a 30 percent stake. The deal is expected to close in first quarter 2014 and generate cash proceeds at the close of about EUR 1.5 billion. Goldman Sachs and Jefferies acted as financial advisors to Deutsche Telekom.
22 November 2013•4 mins read
