COBALT advises on acquisition of Sanoma Baltics

COBALT advises the management of Sanoma Baltics AS on acquisition of Sanoma Baltics AS together with Baltic private equity house BaltCap from Sanoma Media Finland OY.

Sanoma Baltics operates classified portals auto24.ee, veetehnika.ee, rasketehnika.ee, mototehnika.ee and kuldnebors.ee. From now on, Sanoma Media Finland OY will focus on further developing its operations in Finland. The transaction is expected to close in spring 2017 and the parties have agreed not to disclose the value of the transaction.

Our work compiled advising the management at all stages of the transaction.

The client was advised by Partner Kristel Raidla-Talur and Senior Associate Triin Ploomipuu.

Please see the press release from here.