City24 has been acquired by Koha Capital Oü
November 2014 — 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.
Our role in the transaction
Oaklins' team in Estonia acted as the exclusive sell-side advisor to Alma Media.
Prata med transaktionsteamet
Relaterade affärer
DIGMATIX has entered the Czech market through the acquisition of LLP CRM
DIGMATIX has acquired LLP CRM, a Czech Microsoft Dynamics 365 Customer Engagement specialist. The acquisition marks DIGMATIX’s entry into the Czech market and strengthens the group’s capabilities in customer relationship management (CRM), sales automation, customer service and AI-powered business solutions.
Lär dig merDIGMATIX has entered Romania through the acquisition of Elian Solutions
DIGMATIX, one of the largest providers of Microsoft Business Applications solutions in the region, has acquired Elian Solutions, a Romanian Microsoft Dynamics 365 partner, together with its subsidiary Elian Development Systems. Through the acquisition, DIGMATIX expands its operations into Romania and strengthens its position as a regional leader in the implementation and development of Microsoft Business Applications solutions. The acquisition was financed by an investment from DIGMATIX’s majority shareholder, Baltic private equity fund Livonia Partners, together with financing provided by SEB Bank.
Lär dig merEducbank has been acquired by Cogna
Cogna Educação, through its subsidiary Somos Sistemas de Ensino, has acquired an additional 47% stake in Educbank for approximately US$8.9 million, increasing its ownership from 43% to 90% and consolidating control of the platform. The transaction expands Cogna’s presence beyond its traditional enrollment-driven education business into the financial infrastructure that underpins school tuition collection.
Lär dig mer