City24 has been acquired by Koha Capital Oü
Alma Media has sold City24, the leading digital housing marketplace operating in the Baltic countries, to Koha Capital Oü, an Estonian venture capital company.
City24 is one of the leading real estate portals in the Baltic countries. The firm was established in 2000 in Estonia and has since developed one of the most technologically advanced platforms in the region.
Koha Capital is an investment vehicle of a local private individual.
Alma Media is a media company focusing on digital services and publishing. In addition to news services, the company's products provide information related to lifestyle, career and business development. The firm's services have expanded from Finland to the Nordic countries, the Baltics and Central Europe. "By divesting City24 we are now able to focus entirely on strengthening our digital recruitment services outside Finland. This transaction also further supports our future growth aims in the very successful recruitment business," said Raimo Mäkilä, Senior Vice President and Head of Alma Marketplaces. "In Finland, we will continue with our present portfolio of recruitment, housing and motoring services," he added.
Oaklins' team in Estonia acted as the exclusive sell-side advisor to Alma Media.
Talk to the deal team
Related deals
STAC has been acquired by n2 Group
Strategic Technology Analysis Center (STAC), a world leader in financial-technology benchmarking and events, has been acquired by n2 Group, the UK specialists in advanced computation and IT infrastructure.
STAC joins NAG and VSNi in the growing community of n2 Group companies dedicated to advancing computation through collective innovation, technical excellence and long-term strategic growth. STAC will operate as an independent business within n2, maintaining its brand, identity and ethos.
Winking Studios Limited completes a secondary fundraising of US$20 million
Winking Studios has successfully raised US$20 million to fund its business strategy and future plans, such as strategic acquisitions, alliances and joint ventures as well as secondary or dual listings, to grow the group’s market share and broaden its customer base globally.
Learn moreHaufe-Lexware Real Estate AG has been acquired by Aareon Group, a portfolio company of Advent International
The Haufe Group SE has sold Haufe-Lexware Real Estate AG to Aareon Group.
Learn more