Eversheds Sutherland Ots & Co has advised Apax Partners and Media Investments & Holding OU on the acquisition of the Baltic Classifieds Group, a portfolio of online classified advertising platforms in the Baltics. The transaction is expected to close by July 2019.
The Baltic Classifieds Group operates the Autoplius.lt, Aruodas.lt, Skelbiu.lt, CVBankas.lt, KV.ee, City24.ee, City24.lv, Osta.ee, and Soov.ee online classifieds platforms for automotive, real estate, jobs, and general merchandise. The company operates in Lithuania through Diginet LTU and its portals generate more than 50 million monthly visits.
Eversheds Sutherland Ots & Co’s team included Managing Partner Maivi Ots, Partner Risto Ruutel, Counsel Marten Amjarv, and Lawyers Erika Tuvike and Maarja Junti.
Eversheds Sutherland Ots & Co did not reply to our inquiry on the matter.