Simpson Thacher is representing Baltic Classified Group, an Apax Funds portfolio company, in its definitive agreement to acquire auto24, a leading automotive classifieds portal in Estonia. The stake will be acquired from BaltCap Private Equity Fund II, a Baltic-based private equity fund. Completion is expected to take place later this year, subject to regulatory approvals. Financial terms were not disclosed.
Founded in Tartu and headquartered in Tallinn, Estonia, auto24 is a leading automotive classifieds business in Estonia connecting buyers and sellers through its auto24.ee portal. It also operates a generalist classifieds site (kuldnebors.ee) in a variety of categories.
The Simpson Thacher team includes Derek Baird, Paul Dodd, Pieter Lavens, John Loubriel, Wilson Szet and Bill Smolinski (Corporate).
Simpson Thacher is representing Baltic Classified Group, an Apax Funds portfolio company, in its definitive agreement to acquire auto24, a leading automotive classifieds portal in Estonia. The stake will be acquired from BaltCap Private Equity Fund II, a Baltic-based private equity fund. Completion is expected to take place later this year, subject to regulatory approvals. Financial terms were not disclosed.
Founded in Tartu and headquartered in Tallinn, Estonia, auto24 is a leading automotive classifieds business in Estonia connecting buyers and sellers through its auto24.ee portal. It also operates a generalist classifieds site (kuldnebors.ee) in a variety of categories.
The Simpson Thacher team includes Derek Baird, Paul Dodd, Pieter Lavens, John Loubriel, Wilson Szet and Bill Smolinski (Corporate).