Powered by

Funds advised by Apax Partners to acquire Baltic Classifieds Group

May 09, 2019 - PR Newswire
Mergers and Acquisitions-Investments

PR Newswire

Funds advised by Apax Partners (the "Apax Funds") today announced a definitive agreement to acquire Baltic Classifieds Group ("BCG"), a portfolio of leading online classified advertising platforms in the Baltics. The stake will be acquired from Media Investments & Holding OÜ, a Baltic-based media business. The transaction is expected to close by July 2019, subject to regulatory approvals. Financial terms were not disclosed.

BCG operates Autoplius.lt, Aruodas.lt, Skelbiu....