Sterling Partners and Permira Funds to acquire eBay Enterprise

16 July 2015

Permira, an international private equity firm, and Sterling Partners, a growth-oriented private equity firm, today announced that a consortium, consisting of Sterling Partners, Longview Asset Management, and the Innotrac Corporation, a Sterling Partners portfolio company, together in partnership with companies owned by the Permira funds, have signed a definitive agreement to acquire eBay Enterprise from eBay Inc. for $925 million.

eBay Enterprise consists of four divisions -- Magento Commerce Technologies, eBay Marketing Solutions, Enterprise Services and Operations.

The transaction, which is expected to close in the second half of 2015, is subject to certain regulatory approvals and customary closing conditions. Additional details about the transaction will be disclosed upon closing.

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