Global law firm Freshfields advised the selling shareholders on the sale of all of Adevinta’s shares in Distilled Limited (“Distilled”) to Blacksheep Fund Management Ltd (“Blacksheep”).

Blacksheep has acquired all of Adevinta’s shares in Distilled, Ireland’s leading online classifieds company, in a control transaction. The management team, led by Founder and Chief Executive Officer, Eamonn Fallon, will continue to lead Distilled. Distilled is best known for its platforms Daft.ie, DoneDeal.ie, and Adverts.ie, which provide a trusted ecosystem for primarily buying and selling cars and real estate, catering to millions of users.

This transaction follows Freshfields’ role as lead transaction counsel for Permira and Blackstone on the take-private of Adevinta, one of the largest European buyouts announced in 2023.

Freshfields’ cross-practice team is led by private capital partner James Scott and Markus Paul, senior associate Chris Yarrow and principal associate Carsten Haak, with partner Emily Szasz advising on tax aspects and senior associate Tom Hingley advising on transition and separation matters.