Ellex Valiunas has advised Estonia's Inbank on its acquisition of 100% of the shares of UAB Mokilizingas from shareholders AS LHV Group and UAB Inovatyvus Prekybos Sprendimai. The transaction, which is valued at EUR 15 million, is expected to close before May 31, 2018.
Mokilizingas is a consumer finance services provider in Lithuania and Latvia.
According to Ellex, the acquisition of Mokilizingas is one of the steps forward for Inbank in implementing its international development strategy. After this deal, Inbank plans to expand further as an international bank, as more than a half of its loan portfolio will be accumulated outside Estonia.
The Ellex team was led by Partner Gediminas Reciunas, Associate Partner Ausra Brazauskiene, Senior Associate Mindaugas Lukas, Experts Lina Radavicienė and Ruta Svedarauskiene, Associate Enrika Tamasauskaite, and Junior Associate Akvile Marozaite.