Announced
Financials
Sources
Tags
Online and Social Platforms
Private Equity
Pending
Estonia
Private
Friendly
automotive classifieds portal
Acquisition
Single Bidder
Majority
Synopsis
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.
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