Permira, Hillhouse agree $1.7b Magento exit
Permira and Hillhouse Capital will sell their stakes in Magento Commerce, a US company that provides transaction-processing software to e-commerce players, to Adobe as part of a $1.7 billion transaction.
Magento was acquired by Permira in 2015 during a spin-out from eBay. Hillhouse invested $250 million in the company last year to support its Asian expansion agenda, though Permira retained a majority stake....
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