trending Market Intelligence /marketintelligence/en/news-insights/trending/raxk_6va3dtf5xwljqodxa2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Adobe acquires e-commerce platform Magento from Permira in $1.68B deal

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

BLOG

Investment Banking Essentials Newsletter: June Edition

BLOG

Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level


Adobe acquires e-commerce platform Magento from Permira in $1.68B deal

Adobe Systems Inc. agreed to acquire e-commerce platform Magento, Inc. for $1.68 billion.

The seller is a company backed by funds of private equity firm Permira Holdings Ltd., which acquired Magento from eBay Inc. in 2015. Hong Kong-based hedge fund manager Hillhouse Capital Management Ltd., which invested in Magento in 2017, is also selling its stake to Adobe.

The target will allow commerce to be integrated into Adobe Experience Cloud, which will serve both business-to-business and business-to-consumer customers globally, Adobe said.

Magento CEO Mark Lavelle will continue to lead the team as part of Adobe's Digital Experience business after the closure of the deal.

The transaction is expected to close in the third quarter of Adobe's 2018 fiscal year.

Qatalyst Partners was the exclusive financial adviser to Permira funds, while Fried Frank Harris Shriver & Jacobson was legal adviser.