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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

Latvia
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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.

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