M&A Deal Summary

Baltic Classifieds Group Acquires auto24 AS

On August 23, 2019, Baltic Classifieds Group acquired internet software and services company auto24 AS from BaltCap

Acquisition Highlights
  • This is Baltic Classifieds Group’s 1st transaction in the Internet Software and Services sector.
  • This is Baltic Classifieds Group’s 1st transaction in Estonia.

M&A Deal Summary
Date 2019-08-23
Target auto24 AS
Sector Internet Software and Services
Buyer(s) Baltic Classifieds Group
Sellers(s) BaltCap
Deal Type Add-on Acquisition

Target

auto24 AS

Tallinn, Estonia
auto24 AS operates the auto24.ee classified portal in Estonia in which offers car, motorbike, boat, and heavy equipment advertising. The company also operates the Kuldne Börs generalist classifieds site in a variety of categories, such as construction materials, agricultural equipment, pets, and household goods. It also operates Autoleht, a weekly car magazine and Motors24, a site for motor vehicle videos.

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Buyer(S) 1

Buyer

Baltic Classifieds Group

Vilnius, Lithuania
Category Company
Founded 1999
Sector Internet Software and Services
Employees154
Revenue 72M GBP (2024)
DESCRIPTION

Baltic Classifieds Group is a portfolio of twelve online classified advertising platforms in the Baltics, specializing in five key segments: automotive, real estate, jobs, generalist and e-commerce. The company operates in Lithuania, its largest market, through Diginet LTU. Baltic Classifieds Group was founded in 1999 and is based in Vilnius, Lithuania.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Estonia) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER

BaltCap

Vilnius, Lithuania

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 400M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

BaltCap is a private equity and venture capital group focused on investing in the Baltic States of Latvia, Estonia, and Lithuania. The Firm looks to fund buyouts, buy-ins, and growth capital needs. BaltCap is a generalist investor and will consider opportunities in a wide range of sectors. The Firm will consider both the majority and minority positions. BaltCap was formed in 1995 and has offices in Tallinn, Riga, Vilnius, Helsinki, Stockholm, and Warsaw.

DEAL STATS #
Overall 28 of 42
Sector (Internet Software and Services) 3 of 3
Type (Add-on Acquisition) 10 of 19
Country (Estonia) 11 of 14
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Bolt Technology

Tallinn, Estonia

Bolt Technology is a European transportation platform that’s focused on making urban travel easier, quicker, and more reliable. Bolt is one of the fastest-growing transportation platforms in Europe and Africa. Bolt Technology was founded in 2013 and is based in Tallinn, Estonia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 Einride

Stockholm, Sweden

Einride is a developer of intelligent transportation solutions sustainable, cost-effective, and safe and has gained global recognition for the Pod, the first truck specifically designed for electric propulsion and autonomous driving. Einride pod became the world´s first autonomous, all-electric truck to operate a commercial flow for DB Schenker with a permit on the public road. Einride was founded in 2016 and is based in Stockholm, Sweden.

Buy -
Mergr

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