Bär & Karrer advised OLX on the sale of its investment in Encuentra24

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, a general classifieds marketplace in five key LATAM markets, to Frontier Digital Ventures, 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 (pictured) and Luca Jagmetti and included Sebastian Sutter and Carlo Hunter (all m&a).