Simpson Thacher is advising Antler EquityCo S.à r.l (“Antler”), which is controlled by funds advised by Apax Partners LLP (“Apax”), in connection with the sale of approximately 63 million ordinary shares in the capital of Baltic Classifieds Group PLC (“BCG”) at a price of 247 pence per share, raising gross sale proceeds of approximately £156 million. This represents a full exit by Antler of its position in BCG, which is listed on the main market of the London Stock Exchange.~~The sale comprises (i) approximately 59 million ordinary shares of BCG sold by Antler by way of an accelerated bookbuild to institutional investors, raising gross sale proceeds of approximately £146 million, and (ii) 4.2 million ordinary shares of BCG sold by Antler to BCG by way of an off-market purchase, for approximately £10 million, pursuant to a contract between Antler and BCG, which was approved by the shareholders of BCG at its Annual General Meeting on September 27, 2023.~~The Simpson Thacher team included James Howe, Lucy Gillett, Deborah Harris and Tory Hansen (U.K. Corporate); and Nicholas Shaw and Julia Szinovatz (U.S. Corporate).