Milbank Advises on Record Breaking Direct Lending Financing for Adevinta

Milbank LLP is proud to announce our role as advisor to the direct lenders in connection with the landmark direct lending financing to refinance the existing debt of Adevinta, the world’s largest online classified advertising business, and finance a shareholder distribution. This transaction marks the largest unitranche financing ever closed in Europe, setting a new benchmark in the direct-lending market and highlights our team’s capability to navigate and execute the most complex financings.

In 2023, Milbank advised the financing sources on Permira and Blackstone’s private credit loan financing for a voluntary tender offer to acquire all outstanding ordinary Class A shares in Adevinta ASA. This transaction underscored Milbank’s expertise and leadership in the private credit market.

The Milbank team was led by partners Sarbajeet Nag and Suhrud Mehta, and included special counsel Varun Natteri Mangadu and associates Pranahita Srinivas, James Aurelius and Obinna Mezu.