An investment company backed by private equity firm Apax Partners said in early May that it has sold part of its stake in online classifieds group Baltic Classifieds Group PLC for £60 million.
Apax was founded nearly 50 years ago by Ronald Cohen, known as the father of British venture capital. The company raised nearly $900 million in a funding round in December. It invests in the internet/consumer, tech, services, and healthcare sectors.
The company has a market capitalization of over £1 billion and was listed on the London Stock Exchange in June 2021.
An investment company backed by private equity firm Apax Partners said that in early May it had sold part of its stake in online classifieds group Baltic Classifieds Group PLC for £60.2 million.
Apax and Baltic were not immediately available for comment.
