KPMG Deal Advisory acted as the exclusive M&A advisor to shareholders of major car classifieds portal Autobazar.eu and real estate portal TopReality.sk on disposing 100% of shares to the Ringier Axel Springer Media AG.
- Deal represents the landmark transaction in digital media in Slovakia, closed in 2017
- This transaction represents another step in successful consolidation in online classifieds sector
- Further strengthens no. 1 position of Ringier Axel Springer in digital publishing in Slovakia
- This deal is another example of successful exit of Slovak businesses to an international investor
Details of the transaction
Autobazar.eu
Autobazar.eu is online classifieds portal established in 2004 with 93 000 daily visitors and over 1 million advertisements. Established in 2005, TopReality.sk has over 35 000 daily visitors and is one of largest real estate portals in Slovakia with over 250 000 listings.
Ringier Axel Springer Media AG
Ringier Axel Springer Media AG is a leading integrated multimedia company in Central and Eastern Europe. The company was established in 2010 as a joint venture between Swiss Ringier AG and German Axel Springer SE in order to combine their international operations in Central and Eastern Europe. Today, Ringier Axel Springer Media AG manages an extensive portfolio of more than 165 digital and print products in the expanding markets of Poland, Hungary, Slovakia, Serbia, Estonia, Lithuania and Latvia.
Ringier Axel Springer Media AG executed the acquisition through its classified holding in Slovakia, United Classifieds s.r.o.
KPMG role
Our M&A advisors provided complex guidance at each step of the transaction.
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