Blackstone agreed to acquire a majority stake in Skroutz, Greece’s leading e-commerce marketplace with nearly 9,000 merchants, from CVC Capital Partners Fund VII in a deal that values the company at €635M ($747M) including debt. Founded in 2005, Skroutz has built out logistics and fulfillment infrastructure, a retail media unit, and a licensed fintech arm. The transaction is expected to close in the second half of 2026 subject to regulatory approvals, with the company’s founders retaining a meaningful ownership position and CEO George Chatzigeorgiou staying on to run the company. The deal will double CVC’s initial investment in Skroutz, which has been expanding beyond its home market by establishing operations in Cyprus and entering Romania and Bulgaria, with Blackstone noting that e-commerce penetration in Greece and Southeast Europe remains lower than in Western Europe.
