Hillhouse backs Permira’s Magento with $250 million
January 05, 2017
Media and Information Services | Campbell, CA | PE Growth
Hillhouse Capital has agreed to invest $250 million in Magento Commerce, a provider of ecommerce platforms for companies such as Coca-Cola and Burger King. The investment brings Magento's valuation to more than $700 million, per a Financial Times report. Permira, which acquired the company from eBay in 2015, will retain a majority stake.