Ringier Digital AG acquired Scout24 International Management AG from Scout24 Holding GmbH for approximately CHF 270 million on January 24, 2014. Post acquisition, Scout24 International Management will be renamed as Classifieds Business Beteiligungs- und Verwaltungs AG. David Walker of Latham & Watkins LLP acted as legal advisor to Hellman & Friedman Advisers. Pestalozzi acted as legal advisor for Ringier Digital AG.

Ringier Digital AG completed the acquisition of Scout24 International Management AG from Scout24 Holding GmbH on January 24, 2014.