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CEE Legal Matters: Eversheds Sutherland Ots & Co has won the 2019 CEE Deal of the Year Award for Estonia.

  • Estonia

    01-04-2020

    Eversheds Sutherland Ots & Co is proud to have won the 2019 CEE Deal of the Year Award for Estonia for advising on Apax Partners acquisition of Baltics Classifieds Group.

    Baltic Classifieds Group (BCG) sale to Apax Partners was one of the largest and most complex Baltic M&A deals in 2019 involving of an auxion sale and WI insurance, which are the tools rarely in use for that kind of deals in our region. Eversheds Sutherland Ots & Co along with the group’s pan-Baltic and London team gave full scope support in M&A process from Vendor Due Dilligence up to completion including help with the transaction documents.

    BCG operates Autoplius.lt, Aruodas.lt, Skelbiu.lt, CVBankas.lt, KV.ee, City24.ee, City24.lv, Osta.ee and Soov.ee, leading online classifieds platforms for automotive, real estate, jobs, and general merchandise. The company operates in Lithuania through Diginet LTU. BCG’s portals are some of the most visited websites in their respective countries, generating more than 50m monthly visits in aggregate.

    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.

    The deal was also significant as it was the first investment into the Baltic region by that large global funds.

    CEE Legal Matters is a leading and highly regarded print and online magazine about the legal industry in Central and Eastern Europe.

    Eversheds Sutherland Ots & Co’s team included Managing Partner Maivi Ots, Partner Risto Rüütel, Counsel Marten Amjärv, and Lawyers Erika Tuvike and Maarja Junti. The team worked in close cooperation with partner Robin Johnson from Eversheds Sutherland London office and Senior Partner Maris Vainovskis, Partner Elina Mucina, Senior Associates Elina Vilde, Gunta Lokastova, and Lawyer Justine Ignatavicute from Latvia and Partner Rimtis Puisys, Senior Associates Milda Jasaitiene, Ana Cepinskiene and Neringa Bubnaityte and Associate Manvydas Borusas from Lithuania.

    CEE Legal Matters is a leading and highly regarded print and online magazine about the legal industry in Central and Eastern Europe.

    Find out more: https://doty.ceelegalmatters.com/index.php/doty-winners-2020

    Disclaimer

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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