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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

Lithuanian 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.

 

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