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Cobalt and Ellex Advise on Sale of Silberauto Business Sale to Veho

Cobalt and Ellex Advise on Sale of Silberauto Business Sale to Veho

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Cobalt has advised Silberauto on the sale of its enterprises in Estonia and Lithuania to Scandinavian vehicle dealer Veho. Ellex advised Veho on the deal.

Silberauto, launched in 1990 in Estonia, represents brands within the Daimler group, Jeep, Mitsubishi, and Maserati. Since 2002, the company has also been operating in the Lithuanian market.

Veho was established in Finland in 1939, and it also operates in Sweden and the Baltic countries.

The Cobalt team in Estonia consisted of Partners Peeter Kutman and Aivar Taro, Specialist Counsel Jesse Kivisaari, Senior Associates Heleri Tammiste, Tonu Kolts and Mart Blondal, and Associate Helen Sool. Cobalt Partner Juozas Rimas and Assistant Lawyer Milda Vaznelyte supported the team from Lithuania.

The Ellex Raidla team in Estonia consisted of Partner Risto Vahimets and Senior Associate Karl-Erich Trisberg. Ellex Valiunas Partner Paulius Gruodis, Senior Associate Mantas Juska, and Associate Arvydas Gruseckas worked on the deal from Lithuania.

Editor's Note: After this article was published, CEE Legal Matters reported that Finland's Castren & Snellman and Sorainen advised the OP Corporate Bank on its provision of financing to the Veho Group for Veho's acquisition of Silberauto from entrepreneur Vaino Kaldoja. Finland's Dittmar Law Firm and Ellex's three offices in the Baltic advised Veho on the financing, as they had on the acquisition itself.

Image Source: caverion.com