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Baltic Classifieds Group buying classified portal operator from BaltCap

Baltic Classifieds Group OU signed an agreement to buy Auto24 AS, which operates an automotive classifieds portal in Estonia, from investment firm BaltCap Private Equity Fund II.

Financial terms of the transaction were not disclosed. Auto24 connects buyers and sellers through its portal. The company also operates a generalist classifieds site. BaltCap is a portfolio of private equity firm AS BaltCap.

BaltCap was advised by Superia Corporate Finance, Ellex Raidla and KPMG, and Baltic Classifieds Group was advised by Simpson Thacher & Bartlett LLP and COBALT.