The transaction was advised by Law offices Pohla & Hallmägi and Varul, financial advisors Ernst & Young Baltic, Deloitte, and Keystone Advisers.
The well-developed warehousing, multimodal, rail transport and trucking capabilities of Transekspedicija LV, founded in 2001, will be complemented by the ship’s agency and forwarding activities of CF&S Latvia SIA – a subsidiary of CF&S Estonia AS founded in 2005.
After going through the relevant procedures CF&S Latvia and Transekspedicija LV will be merged together and services will be offered, as agreed with Transekspedicija UAB, under CF&S trademark.
The merged company will be one of the biggest logistics companies in Latvia operating with own trucks and rail rolling stock. The company is offering road and rail transport within EU and CIS countries, handling high and heavy cargoes, ship agency and (bonded) warehousing services. The dedicated joint staff of 50 employees will continue servicing the present and future clients.
The board member of CF&S Estonia Kuno Väin will join longtime board member Rostislavs Derečinskis in the board of Transekspedicija LV.
CF&S, a member of Baltic Maritime Logistics Group AS, has subsidiaries also in Moscow, St. Petersburg and Tallinn. The concern is offering road, rail and air freight forwarding and warehousing services, ship's and liner agency and chartering services in the Baltic states, other EU and CIS countries.Keystone Advisers advised the seller Transekspedicija UAB in the transaction.
Keystone Advisers is a fully independent Corporate Finance firm offering advice related to mergers and acquisitions (M&A), divestitures, as well as various financing arrangements. The firm has advised on approximately 140 transactions to a variety of different clients in a number of sectors since the inception in 2000. Keystone Advisers is a Partner owned firm and where the founders have experience from Investment Banking and Management Consulting from some of the largest global institutions. We are a team of 12 Corporate Finance professionals at the Stockholm office and in addition we have an own organization in the Baltic countries. Keystone Advisers aims to be the leading mid-market M&A advisory firm in the Swedish market.