Apax Sells £92.4 Million of Shares in Baltic Classifieds Group
06.05.24
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Simpson Thacher is advising Antler EquityCo S.à r.l. (“Antler”), which is controlled by funds advised by Apax Partners LLP (“Apax”), in connection with the sale of 40 million ordinary shares in the capital of Baltic Classifieds Group PLC (“BCG”) at a price of 231 pence per share by way of an accelerated bookbuild to institutional investors, raising gross sale proceeds of approximately £92.4 million. BCG is listed on the main market of the London Stock Exchange.
The sale follows the previous sale by Antler of (i) 25 million ordinary shares in the capital of BCG in January 2024; (ii) 21.5 million ordinary shares in the capital of BCG in March 2024; and (iii) 27 million ordinary shares in the capital of BCG in May 2024.
The Simpson Thacher team includes James Howe, Lucy Gillett, Deborah Harris and Tory Hansen (Corporate).