Tamedia acquires Ricardo-Group
24 February 2015 – Tamedia Ltd. acquires the Ricardo-Group, which runs the auction platform ricardo.ch, vehicle platform autoricardo.ch, the classified advertisement homepage olx.ch and the online shopping center ricardoshops.ch, for CHF 240 million. The Ricardo-Group employs about 190 people in Switzerland and a development team with 30 members in France. Ricardo.ch is Switzerland's biggest online marketplace, realized total revenues of about CHF 40 million in 2014 and has 2.3 million members. The transaction is subject to Swiss Competition Commission approval.
Walder Wyss advises the acquiror in connection with this transaction. The Walder Wyss team is been led by Markus Vischer (Partner, Corporate/M&A) together with Barbara A. Keiser (Associate, Corporate/M&A) and further includes Reto Jacobs (Partner, Antitrust) and Dirk Spacek (Associate, IP/IT).