In the spring and summer of 2022, Fourings OÜ, which brings together companies engaged in the sale and maintenance of Audis in Estonia, sold a 50 percent stake to the investment company UG Investments.
Grant Thornton Baltic advised Fourings OÜ in the preparation of the sale, helping to set up the company's structure as well as to negotiate and formalize the terms of sale. Our advisors also dealt with several post-sale operations, including the preparation of the merger application to the Competition Authority.
Fourings OÜ unites companies engaged in the import, sale and maintenance of Audi cars in Estonia, Reval Auto Esindus OÜ, Al Mare Auto OÜ and HPT Property OÜ. UG Investments OÜ is a holding company that invests mainly in sustainable Estonian companies with growth potential.
Peeter Tiitson, CEO of Al Mare Auto, said following concerning the transaction: "In the spring and summer of 2022, Grant Thornton Baltic advised us on the preparation for the sale of Audi sales and maintenance companies and the sale of a 50% stake to UG Investments OÜ. Grant Thornton Baltic advised us both in setting up and creating the corporate structure, negotiating, and formalizing sales conditions, as well as in various post-sale transactions, including the preparation of a merger application.
I want to point out the contribution and commitment of Kristjan Järve and Katrin Mustasaar, who created a reliable atmosphere and gave me the confidence that the upcoming deal will be successful. Their professionalism is what speaks the most, and I am sure that our cooperation will continue in the future."
Our team: Kristjan Järve, Katrin Mustasaar