Axel Springer Digital Classifieds and General Atlantic

GA invested in a joint venture with Axel Springer to create Axel Springer Digital Classifieds, a portfolio of leading online classifieds businesses across Europe. The new company is comprised of SeLoger, an online real estate classifieds business in France, StepStone, an online jobs classifieds business across Europe, and Immonet, an online real estate classifieds business in Germany, among others.

GA will seek to develop the consolidated company into a leading international classifieds business both organically and through acquisitions. In April, StepStone acquired TotalJobs Group, the largest online recruitment business in the U.K. GA will continue to strategically assist Axel Springer by helping with corporate development, strategic M&A, continued expansion of mobile and social product offerings, pricing strategies and IT integration.