O3 Industries and Novum Capital have sold their stake in Gumtree.com Ltd to Asian private equity firm Ocean Link and its portfolio company 58.com. The deal, which went into effect in September 2024, was confirmed by Novum Capital but not publicly announced by Gumtree U.K.
O3 Industries and Novum Capital originally acquired Gumtree and Motors.co.uk from Adevinta in 2021. Since then, Motors.co.uk has become independent, acquiring Cazoo in June 2024, while Gumtree has focused on tech investments. “The acquisition by the new owner demonstrates Gumtree’s potential,” said O3 Industries President Daniel Ozen.
58.com operates the leading Chinese real estate vertical by traffic and also one of the world's most visited generalist classifieds marketplaces.
While Gumtree is not known primarily as a real estate marketplace, it does have around 15,000 rental listings on its UK site.
Brands can now reach Zillow’s home shoppers on Pinterest. For the first time, Zillow is bringing its audience data—built from people’s...
Read More
Alma Media, the company behind well-known marketplaces in Finland, has released its interim report for 2026, with a strong period...
Read More
Lifull recorded its eleventh consecutive quarter of revenue growth for its HOME'S Services segment in the third quarter of 2026....
Read More
Idealista reported revenues of €346 million and an EBITDA of €160 million in 2025, but net losses of €191 million...
Read More
