Koha Capital, an Estonian venture capital company, has acquired Alma Media's news agency and media monitoring business, Baltic News Service (BNS). The parties have agreed not to disclose the transaction value.
Koha Capital is the investment vehicle of a local private individual.
BNS is the leading source of information in the Baltic countries. The news organization has operations in Estonia, Latvia and Lithuania. With products geared toward the professional user, BNS aims to provide full and reliable real-time coverage of domestic and international news.
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 company's services have expanded from Finland to the Nordic countries, the Baltics and Central Europe. The divestment is part of Alma Media's strategic initiative to focus on online recruitment services in foreign markets.
Oaklins' team in Estonia served as the exclusive buy-side advisor to Koha Capital.
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