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Ellex Raidla Advises BaltCap on Sale of Auto24 Classifieds Site

Ellex Raidla Advises BaltCap on Sale of Auto24 Classifieds Site

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Ellex Raidla has advised BaltCap Private Equity Fund II (BPEF II) on its sale of Estonia's auto24 automotive classifieds portal to Baltic Classifieds Group. Simpson Thacher & Bartlett and Cobalt advised the Baltic Classifieds Group.

According to Ellex, auto24, which was founded in Tartu and is headquartered in Tallinn "is a leading automotive classifieds business in the country connecting buyers and sellers through its auto24.ee portal. It also operates a general classifieds site (kuldnebors.ee) in a variety of categories."

Baltic Classifieds Group is a portfolio of online platforms in the Baltics, focusing on five markets: specialized classifieds for automotive, real estate and jobs; general classifieds; and ecommerce. 

The Ellex Raidla team was led by Partner Ermo Kosk and included Counsel Toomas Kasesalu, Senior Associates Sandra Vark and Dmitri Rozenblat, and Associates Merlin Liis and Marilin Laud.

Estonian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

All News about Cobalt can be found here.


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