Jordi Iserte Leaves Adevinta Amid Corporate Restructuring
Portfolio - People | Feb 04, 2025 | Aim Group
Following a five-year tenure at Adevinta Ventures, Jordi Iserte has announced his departure from his role as Investment Director. In a LinkedIn post, Iserte expressed gratitude for his time at Adevinta, a Norway-based marketplace operator acquired by a consortium led by private equity firms Blackstone and Permira. This departure comes amid ongoing changes within Adevinta, including its break-up by the new owners and a series of managerial resignations from its Barcelona office. Iserte acknowledged the privilege of working with the Adevinta Ventures team and supporting various founders during his time there, citing the journey as an invaluable learning experience. The shake-up at Adevinta, which is reportedly linked to staff unrest, highlights the challenges faced by the company under new ownership, as it grapples with an evolving strategic direction.
Sectors
- Private Equity
- Venture Capital
- Online Marketplaces
Geography
- Norway – Adevinta, the main subject of the article, is based in Oslo, Norway.
- Spain – Adevinta has offices in Barcelona, Spain, where a series of managerial departures have been reported.
Industry
- Private Equity – The article involves Blackstone and Permira, two private equity firms leading the restructuring of Adevinta.
- Venture Capital – Adevinta Ventures is the venture capital arm involved in the restructuring, impacted by Jordi Iserte's departure.
- Online Marketplaces – Adevinta operates as an online marketplace company, affected by its acquisition and restructuring.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Jordi Iserte | Former Investment Director | Person | Jordi Iserte is the individual who announced his departure from Adevinta Ventures. |
| Adevinta | Target Company | Company | An Oslo-based marketplace operator undergoing restructuring. |
| Adevinta Ventures | Venture Capital Arm | Company | The venture capital branch of Adevinta, where Jordi Iserte was employed. |
| Blackstone | Private Equity Firm | Company | One of the private equity firms leading the acquisition and restructuring of Adevinta. |
| Permira | Private Equity Firm | Company | One of the private equity firms leading the acquisition and restructuring of Adevinta. |