Sprints Capital Management & hitta.se management
About the Client
Schibsted Media Group is an international media group with 6900 employees in 30 countries. Schibsted’s strategy of becoming a global leader within their chosen fields is ambitious. It consists of three elements that work seamlessly together: Online Classifieds, Media Houses and Growth. Schibsted Media Group is a listed company headquartered in Oslo, Norway.
hitta.se is a leading local search engine and one of Sweden’s most visited websites. hitta.se helps people find relevant information about companies, people and places. At hitta.se there are addresses and telephone numbers for all Swedish companies and individuals, as well as maps, directions, street images, satellite imagery and much more. hitta.se was founded in 2004 and is headquartered in Stockholm, Sweden.
About the deal
GP Bullhound acted as the exclusive financial advisor to Schibsted ASA (SCHA/SCHB) on its sale of hitta.se to Sprints Capital Management and the management of hitta.se. This represents the completion of GP Bullhound’s 13th transaction in 2017 and further establishes the firm’s expertise in advising online category leaders, following on from previous transactions including Avito, Delivery Hero, TyresOnTheDrive, LendInvest and Anumex.
Per Roman, Managing Partner at GP Bullhound, commented: “GP Bullhound is delighted to have advised Schibsted on their sale of hitta.se to Sprints Capital Management and the management of hitta.se. It has been a pleasure to work with such a great management and owner group.”