Sat, Sep
59 New Articles

Ellex and Grant Thornton Advise on Sale of Auto Forte Tallinn to United Motors

Ellex and Grant Thornton Advise on Sale of Auto Forte Tallinn to United Motors

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Ellex Raidla has advised Ichiban OU on the sale of Auto Forte Tallinn OU, the retailer of Peugeot and Hyundai in Tallinn, to United Motors AS. Grant Thornton Baltic advised United Motors on the deal.

According to Ellex Raidla, "under the agreement, Auto Forte's current owner and CEO Raido Toonekurg will continue at the helm of the company at least for the next two years."

"United Motors is a strong owner with long-term plans who wants to grow and develop Auto Forte," said Toonekurg. "Next year, we are planning to expand the Hyundai showroom of Auto Forte and invest in service equipment."

The Ellex Raidla team was led by Partner Martin Kaerdi and Lawyer Karin Tartu.

The Grant Thornton Baltic team was managed by Partner Eneli Perolainen, assisted by Aet Sallaste, Elis Vija, Kristel Tiits, Sander Adamson and Mikk Magi.

Latvian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

All News about Cobalt can be found here.


Our Latest Issue