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.
Apax Global Alpha current share price: 160.40 pence
12-month change: down 9.2%
Baltic Classifieds current share price: 275.00 pence
12-month change: up 38%
By Aidan Lane, Alliance News reporter
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