The OLX Group, classifieds business of Prosus, a global consumer internet group and one of the largest technology investors in the world, sold its investment in Encuentra24.com AG, a leading general classifieds marketplace in five key LATAM markets, to Frontier Digital Ventures Pte Ltd, a leading owner and operator of online marketplace businesses in fast growing emerging markets.
Bär & Karrer acted as legal advisor to the OLX Group in this transaction. The team was co-led by Christoph Neeracher and Luca Jagmetti and included Sebastian Sutter and Carlo Hunter (all M&A).