M&A

Sale of one of the largest independent tire wholesale and retail companies in Latvia SIA Latakko

Edgars Turlajs

In M&A Posted

Our team of M&A experts gave legal advice to the owner of Latakko, a tire wholesaler in Latvia, Estonia and Lithuania and retailer in Latvia of more than 25 years, in a transaction where the Scandinavian holding company, Nordic Tyre Group, acquired Latakko companies in all three Baltic countries.

As a result of this transaction, Nordic Tyre Group has become a leading independent distributor of tires and wheels in Norway, Sweden, Finland and the Baltic countries. The total revenue of Nordic Tyre Group and Latakko is estimated at more than 320 million EUR, with over three million tires sold annually. The transaction is still to be cleared by the competition authorities.

Our team of M&A experts provided the client with a full range of legal assistance, which included both the coordination of the documents for concluding and executing the sale transaction and the coordination of documents related to the client’s future participation in Nordic Tyre Group in the capacity of partner. The transaction was implemented in cooperation with M&A consultants Auctus Capital SIA.

More information about the transaction can be found here and here  (text available only in Latvian).