Ellex advises Selecta in the sale of Selecta’s Baltic operations

BaltCap Private Equity Fund II  managed by BaltCap has signed an agreement  to buy the business  operations  serving  the  local  markets in  the  Baltic  States  from European vending and coffee services company Selecta Group. Ellex, a circle of leading law firms in the Baltics, represented Selecta Group in the transaction.
Selecta is a leading vending and coffee services company in Europe. The company has grown its geographic market presence to 15 countries across Europe and serves 6 million consumers every day. The three Baltics businesses employ about 75 people and generate net sales in excess of € 10 million.
The transaction is a subject to the approval of the competition authorities. The transaction price is confidential.
The transaction in Estonoa was led by Ellex Raidla partner Sven Papp and senior associate Gerda Liik. The transaction in Latvia was led by Ellex Klavins senior associate Sarmis Spilbergs and partner Raimonds Slaidins. The transaction in Lithuania was led by Ellex Valiunas associate partner Povilas Zukauskas and associate Arturas Grimaila.