News
GILD Bankers advised Moonfish Media in the sale of the company
GILD Bankers advised the owners of the Estonian internet company, Moonfish Media, in the sale of the company to Tradus Limited, the leading European provider of online consumer trading platforms that belongs to a multinational media group Naspers. Tradus is initially acquiring a 51% stake of the company with an option to purchase up to 100% over the next 3-4 years.
Raivo Hein, co-founder and Board member of Moonfish Media is very satisfied with the reached agreement: “We are delighted to be joining the Tradus group and feel that we are a perfect fit into the Tradus portfolio of trading platforms. I am excited by the prospect of working with the Tradus team to leverage their expertise to continue to build the Moonfish businesses. It is also noteworthy that as a result of this deal one of the largest electronic and print media enterprises has entered to the Baltic markets.”
GILD Bankers partner Tarmo Jüristo added: ”We are also glad that one of the most successful Estonian internet media companies has found an international and high-profile investor. We are confident that this cooperation will lead to new exciting projects.”
In Estonia Moonfish Media operates Osta.ee, the leading online auction website and KV.ee, the No.2 real estate classifieds web portal. In Lithuania Moonfish Media operates the No.1 and No.2 real estate classified sites, Aruodas.lt and Edomus. lt as well as Skelbiu.lt, the No.1 general classifieds site.
Tradus Limited offers its services in twelve European countries. Tradus Limited was recently acquired by Naspers, a multinational media company with principal operations in electronic media and print media in South Africa, Sub-Saharan Africa, Greece, Cyprus, the Netherlands, the United States, Thailand, India and China. GILD Bankers is the leading independent investment bank in the Baltic region with offices in Estonia, Latvia, Lithuania, Ukraine, Bulgaria and United Kingdom.
GILD Bankers advises on mergers and acquisitions, arranges capital raisings, manages alternative funds and offers private banking services.
For further information, please contact:
Kadri Kütt
GILD Bankers
Relationship Manager
+372 6800467