Skroutz Acquired by Blackstone | Technology M&A Deal

Blackstone has completed the acquisition of Skroutz, a ecommerce business in Greece, for $1.3. Blackstone acquisitions target Skroutz, the leading online marketplace offering more than 12 million products from roughly 9,000 merchants to about 2.5 million active users. Skroutz acquisition also brings vertically integrated last-mile logistics, fulfillment services, a licensed fintech offering, and a growing retail media business, with operations extending beyond Greece into Cyprus and into Romania and Bulgaria. The platform acquisition is a private equity acquisition by Blackstone, buying a majority stake from CVC Capital Partners Fund VII, while founders sell part of their holdings and keep leadership with CEO George Chatzigeorgiou.