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Baltic Classifieds Group (BCG) Share News

IN BRIEF: Apax Global notes Apax IX exits Baltic Classifieds

16th Jul 2024 21:14

Apax Global Alpha Ltd - London-based investment trust - Apax IX Fund, in which AGA is a limited partner, sells remaining shares in Vilnius-based classifieds company Baltic Classifieds Group PLC. The transaction including prior distributions, will deliver Apax IX a 59% internal rate of return. AGA's look through investment will have returned EUR31 million after completion. Apax IX acquired BCG in 2019. A filing on Monday said Antler EquityCo Sarl, which is controlled by funds advised by Apax Partners LLP, completed its exit from Baltic Classifieds, selling all its remaining 63 million shares, a 13% stake, in a placing at 247 pence each. Read More

IN BRIEF: Antler completes exit from Baltic Classifieds with placing

15th Jul 2024 09:25

Baltic Classifieds Group PLC - online classified ads portal provider in Lithuania, Estonia and Latvia - Antler EquityCo Sarl, which is controlled by funds advised by Apax Partners LLP, completed its exit from Baltic Classifieds, selling all its remaining 63 million shares, a 13% stake, in a placing at 247 pence each. The GBP156 million share sale is larger than first announced. Late on Friday, BofA Securities Europe SA, the sole global coordinator for the placing, said Antler would sell about 30 million shares. BofA on Monday says the offer was doubled in size "on the back of strong deal momentum". Antler had sold 40 million shares back at the start of June. Read More

IN BRIEF: Baltic Classifieds says Antler to sell GBP83 million shares

12th Jul 2024 19:05

Baltic Classifieds Group PLC - online classified ads portal provider in Lithuania, Estonia and Latvia - Antler EquityCo Sarl, which is controlled by funds advised by Apax Partners, intends to sell 30 million shares by way of an accelerated bookbuild to institutional investors. The placing represents around 6% of company's share capital. Share sale worth around GBP83 million. Antler currently owns just over 63 million shares, a 13% interest in Baltic Classifieds. In addition, company intends to buy back 4.2 million shares alongside the placing. Worth around GBP11.6 million. BofA Securities Europe SA is acting as sole global coordinator in connection with the placing. Antler has undertaken that it will not dispose of any further shares in Baltic Classified for a period of 90 days following completion of the placing. Company says it will not receive any proceeds from the placing. Read More

LONDON BROKER RATINGS: Deutsche ups Kingfisher, Currys and Moonpig

9th Jul 2024 09:29

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More

LONDON BRIEFING: FTSE called up amid underwhelming retail sales data

9th Jul 2024 07:43

(Alliance News) - Stocks in London are called to open higher on Tuesday, after some underwhelming UK retail sales data, which showed that poor weather held back purchases. Read More

LONDON MARKET CLOSE: Stocks rise after cooler US jobs data

3rd Jul 2024 16:55

(Alliance News) - Stocks in London ended higher on Wednesday, with calming words from Federal Reserve Chair Jerome Powell, softer US data and hopes of less disruptive than expected political developments in France lifting the mood. Read More

Solid results from Baltic Classifieds Group contain limited surprises

3rd Jul 2024 11:06

(Alliance News) - A year of solid growth from Baltic Classifieds Group PLC proves the strength of its business model, analysts on Wednesday said. Read More

Upbeat Baltic Classifieds posts double-digit sales and profit growth

3rd Jul 2024 09:57

(Alliance News) - Baltic Classifieds Group PLC on Wednesday cheered record high individual advertising volumes and strong performances across all businesses lines as it disclosed bumper growth in sales and profitability. Read More

LONDON BRIEFING: Keywords Studios agrees takeover by EQT

3rd Jul 2024 07:46

(Alliance News) - Stocks in London are expected to open higher on Wednesday, as investors shake off pre-election nerves. Read More

UK earnings, trading statements calendar - next 7 days

26th Jun 2024 14:12

LONDON MARKET CLOSE: FTSE 100 down amid shaky start in New York

3rd Jun 2024 17:00

(Alliance News) - The FTSE 100 in London closed lower on Monday, marking a mixed start to June, with GSK firmly at the bottom of the index. Read More

IN BRIEF: Apax funds cut Baltic Classifieds stake to 13% with new sale

3rd Jun 2024 09:37

Baltic Classifieds Group PLC - online classified ads portal provider in Lithuania, Estonia and Latvia - Funds advised by Apax Partners LLP sell 40 million Baltic Classifieds shares at 231 pence per share, worth GBP92.4 million in total. The placing of shares held by Apax vehicle Antler EquityCo Sarl is conducted by BofA Securities Europe SA and is increased in size from the 36 million shares announced after the London market close on Friday. The Apax funds had sold 27 million Baltic Classified shares in early May, 21.5 million in early March, and 25 million back in January. After the sale of the 8.2% stake on Friday, the Apex funds continue to own 12.9% of Baltic Classifieds. Read More

LONDON BROKER RATINGS: Deutsche likes Trainline and Baltic Classifieds

20th May 2024 09:47

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More

IN BRIEF: Apax funds cut Baltic Classifieds stake to 21% with new sale

9th May 2024 13:23

Baltic Classifieds Group PLC - online classified ads portal provider in Lithuania, Estonia and Latvia - Funds advised by Apax Partners LLP sell 27 million Baltic Classifieds shares at 223 pence per share, worth GBP60.2 million in total. The placing of shares held by Apax vehicle Antler EquityCo Sarl is conducted by BofA Securities Europe SA and is increased in size from the 21.5 million shares announced after the London market close on Wednesday. The Apax funds had sold 21.5 million Baltic Classified shares in early March and 25 million back in January. After the sale of the 5.5% stake on Wednesday, the Apex funds continue to own 21.1% of Baltic Classifieds. Read More

IN BRIEF: Apax Partners funds sell 4% stake in Baltic Classifieds

6th Mar 2024 10:11

Baltic Classifieds Group PLC - online classified ads portal provider in Lithuania, Estonia and Latvia - Antler EquityCo Sarl, controlled by funds advised by Apax Partners LLP, sells 21.5 million shares in Baltic Classifieds at 220 pence each. Placing raised gross proceeds of GBP47.3 million, with shares representing approximately 4.4% of Baltic's issued ordinary share capital. Following settlement, Antler will continue to hold an approximate 26.6% stake in Baltic. Baltic is not a party to the placing and will receive no proceeds. Read More

IN BRIEF: Apax Partners funds sell 5% stake in Baltic Classifieds

18th Jan 2024 10:19

Baltic Classifieds Group PLC - online classified ads portal provider in Lithuania, Estonia and Latvia - Funds advised by Apax Partners LLP sell 25 million Baltic Classifieds shares at 206 pence per share, worth GBP51.5 million in total. Of the shares sold by Apax vehicle Antler EquityCo Sarl, 23.5 million are placed with institutional investors by BofA Securities Europe SA, part of Bank of America Corp, and 1.5 million are bought back by Baltic Classifieds. Baltic Classifieds will receive no money from the sale to the institutions, as it is of existing shares. Antler will continue to hold a 31% stake in Baltic Classifieds and has agreed to not sell any more shares for 90 days. Read More

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