Apax-backed Baltic Classifieds Group to acquire auto24 from BaltCap.

Apax-backed Baltic Classifieds Group, a portfolio of online platforms in the Baltics, agreed to acquire auto24, an automotive classifieds portal, from private equity firm BaltCap. Financial terms were not disclosed. "We look forward to the partnership with Baltic Classifieds Group and Apax Partners. They possess a wealth of experience and industry knowledge within the online classifieds market which offers an exciting opportunity for auto24 and its customers," Margus Tomberg, auto24 CEO.