Ellex has advised Trodo on a senior debt facility from SEB Latvia to finance a shareholder buyout.
Trodo is an e-commerce platform for automotive spare parts and accessories. According to Ellex, the company holds strong market positions in Latvia and Norway and is rapidly expanding across Sweden, Finland, Lithuania, Estonia, and other markets.
The financing enabled the buyout of Trodo’s Norwegian minority shareholder, marking the company’s transition to 100% Latvian ownership.
The Ellex team included Partner Sarmis Spilbergs and Senior Associate Evija Abele.
