Glatzova & Co has advised Pale Fire Capital and Tomas Kacena on their full sale of Extra Online Media to Burda International CZ. Novalia advised Burda International.
Founded in 2015, Pale Fire Capital is a private equity firm headquartered in Prague.
Extra Online Media, an internet publishing house founded in 2013, reaches nearly five million users per month.
Burda International CZ is the Czech subsidiary of German holding Hubert Burda Media.
According to Glatzova & Co, Extra Online Media CEO Tomas Kacena – who sold his 25% stake – will retain his position within the company.
Novalia’s team included Partners Pavel Marc, Tereza Jandackova, and Kamil Stanek and Associate Vojtech Tancos.
