21st Jan 2022 08:38
Antler EquityCo SARL - Luxembourg-based investment company - Sells 37.5 million shares in the Sussex, England-based advertising company Baltic Classifieds Group PLC for GBP78 million. Antler is controlled by funds advised by Apax Partners LLP, a private equity firm based in London. The sale represents around 7% of Baltic Classifieds' share capital. Baltic Classifieds will not receive any proceeds from the placing. New York-based investment management company Merrill Lynch International acted as sole global coordinator. Following the settlement of the placing, expected on January 25, Antler will hold 35% of Baltic Classifieds.
Current Baltic Classifieds stock price: 203.00 pence, down 6.9% in London
12-month change: up 13%
By Heather Rydings; [email protected]
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Related Shares:
Baltic Classifieds Group