LeBonCoin: Sale 'possible, but not imminent'
Deal News | Dec 05, 2024 | Aim Group
Antoine Jouteau, CEO of Adevinta's LeBonCoin, hinted that a sale of the horizontal marketplace is a potential option, although not in the immediate future. The company, recently acquired by a private equity consortium, is anticipated to undergo structural changes. Despite media speculation, no imminent sale is planned, with current performance strong due to shifting consumer preferences. Jouteau's recent transition back to CEO of LBC suggests potential preparations for an IPO or sale. LeBonCoin is also part of a group of French media companies intending to sue Google over anti-competitive advertising practices.
Sectors
- Online Marketplaces
- Private Equity
- Media and Advertising
Geography
- France – LeBonCoin is a major player in the French online marketplace sector, and Adevinta's operations in France are a focal point of the article.
Industry
- Online Marketplaces – LeBonCoin operates within the online marketplace industry, providing a platform for buying and selling goods and services.
- Private Equity – Adevinta was sold to a PE consortium, indicating active involvement of the private equity industry which often influences strategic exits like sales or IPOs.
- Media and Advertising – LeBonCoin and other media groups are poised to sue Google for anti-competitive practices, illustrating challenges in the media and advertising sectors.
Financials
- 1 billion (1.1 billion USD) – The amount for which LBC and other media companies plan to sue Google over anti-competitive practices.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| LeBonCoin (LBC) | Target | Company | A horizontal marketplace owned by Adevinta, potentially facing structural change and a future sale. |
| Adevinta | Vendor/Parent Company | Company | Parent company of LeBonCoin, recently acquired by private equity and in the midst of strategic discussions. |
| Antoine Jouteau | CEO of LeBonCoin | Person | CEO who discussed the potential for LeBonCoin's future sale and oversees operations possibly leading to an IPO. |
| AFP | Media Outlet | Company | News agency involved in reporting on LeBonCoin's future sale possibilities and provided a correction to earlier misreporting. |
| PE Consortium | Buyer | Company | The consortium that acquired Adevinta, influencing its strategic directions including potential divestitures. |
| Defendant | Company | Tech giant being sued by LeBonCoin and others for alleged anti-competitive advertising practices. |