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Delphi advises Northzone in the sale of shares at a value of USD 155 million
Delphi advised Northzone in the sale of shares in Avito, the leading online classifieds platform in Russia, to Naspers Ltd, a South African global internet and media company and the owner of Africa's largest pay-TV service. The other sellers were Investment AB Kinnevik (publ), Accel Partners, Baring Vostok Capital Partners, and the founders, Filip Engelbert and Jonas Nordlander. The total cash consideration was USD 1.2 billion. Avito values the transaction at USD 2.7 billion, making it one of the largest deals in the European tech sector financed by venture capital.
Northzone was the first VC investor to invest in Avito in 2010, at that time a small but promising company in online platform advertising in the fast-growing Russian internet market.
Delphi’s team was led by partner Anders Lindström and senior associate Fredrik Mörner.
Contact:
Anders Lindström
Partner/Advokat
Delphi
Ph. +46 709 25 25 97email: anders.lindstrom@delphi.se
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Delphi is one of the top commercial law firms in Sweden. We help our clients with mergers and acquisitions. We advise them on matters of banking, finance and capital markets. We represent clients in court and in arbitration and are acknowledged as being extremely competent in public procurement, environmental law and real estate law.
Many of us are specialists in high-tech fields such as IT, intellectual property and life science. Our drive and our interest in technology and business probably explain, in part, our success. We are often praised for our commercial sense and our ability to understand the client’s business.
Our clients are to be found primarily in Scandinavia, Europe and North America. We also co-operate with law firms globally and regularly assist clients on international matters. We have a total workforce of approximately 185, of which more than 120 are lawyers. We have offices in Stockholm, Göteborg, Malmö, Linköping and Norrköping.
