PE-led Investor Group Closes eBay Enterprise Deal, Separates Businesses
November 04, 2015
An investor group led by Permira and Sterling Partners has completed the $925 million acquisition of eBay Enterprise. Morgan Stanley and Credit Suisse provided financing to support the transaction, which saw eBay Enterprise separated into several businesses. Permira now owns Magento Commerce Technologies, which has launched as an independent company, along with the seller's marketing solutions business; Sterling acquired the enterprise operations & enterprise technology services business.