TGS Baltic in Estonia wins CEE Legal Matters Deal of the Year award for its assistance in Apax Partners’ Acquisition of Baltic Classifieds Group

02.04.2020 TGS Baltic in Estonia wins CEE Legal Matters Deal of the Year award for its assistance in Apax Partners’ Acquisition of Baltic Classifieds Group

A joint TGS Baltic team - partners Robertas Degesys (Lithuania), Dalia Tamašauskaitė-Žilienė (Lithuania), Nauris Grigals (Latvia) and Sander Kärson (Estonia) - was involved in this Baltic-wide transaction alongside with other law firms, such as Eversheds Sutherland Ots & Co, Cobalt and Ellex Raidla.

The seller UP Invest is an Estonian-based investment company focusing on investments in healthcare, media, consumer brands, real estate and cleantech.

The buyer Apax Partners is a leading global private equity advisory firm. Over its more than 40-year history, Apax Partners has raised and advised funds with aggregate commitments of c.$50 billion. The Apax Funds invest in companies across four global sectors of Tech & Telco, Services, Healthcare and Consumer. These funds provide long-term equity financing to build and strengthen world-class companies.

Baltic Classifieds Group is a portfolio of leading online classified advertising platforms in the Baltics, operating such websites as Autoplius.lt, Aruodas.lt, Skelbiu.lt, CVBankas.lt, KV.ee, City24.ee, City24.lv, Osta.ee and Soov.ee.