Funds advised by Cinven, Permira and Mid Europa have today completed the acquisition of the Allegro Group ('Allegro 'or 'the Group'), the largest online marketplace and non-food shopping destination in Poland, from Naspers Limited (JSE: NPN.SJ and LSE: NPSN) for US$3.253 billion.

Cinven, Permira and Mid Europa identified Allegro as an attractive investment opportunity based on the strong structural growth in the Polish e-commerce market and Allegro's position as a market leading e-commerce platform. In addition, the Group has a solid business model benefitting from strong network effects and low capital intensity, as well as several attractive value levers to further improve user experience.

This deal represents the largest 100% cash M&A deal in e-Commerce globally ever and the largest CEE private equity M&A deal in the last 3 years.