Skroutz Acquired by Blackstone | Technology M&A Deal

Blackstone has acquired a majority stake in Skroutz, a ecommerce business in Greece, for $1.3. Skroutz operates a vertically integrated online marketplace with more than 12 million products from about 9,000 merchants and roughly 2.5 million active users, supported by proprietary last-mile logistics, fulfilment, and a licensed fintech offering. The platform also includes a growing retail media business and has expanded beyond Greece into Cyprus, Romania, and Bulgaria, supporting Southeast Europe growth. Blackstone acquisitions are being executed through private equity acquisition activity as a platform acquisition, with founders retaining a stake and CEO George Chatzigeorgiou continuing to lead. The Skroutz acquisition is announced under a definitive agreement, with deal terms and closing timing not disclosed.