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Sorainen Advises on Veho’s Acquisition of Domenikss in Latvia

Sorainen Advises on Veho’s Acquisition of Domenikss in Latvia

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Sorainen has advised Domenikss owner Benita Danilenko on the sale of the company to Veho.

Financial details were not disclosed. The deal is contingent on regulatory approval.

According to Sorainen, following the transaction, Domenikss will operate within the Veho group as a separate enterprise and will keep its brand, offices, and service centers.

Domenikss is the general representative of Mercedes-Benz in Latvia. Veho is a Finnish car dealership that also has operations in Sweden and the Baltics. The family-owned company was founded in 1939 to import Mercedes-Benz vehicles. Its core business includes the import, sales, service, and rental of cars and commercial vehicles.

Sorainen’s team consisted of Managing Partner Eva Berlaus and Senior Associates Viktorija Smirnova-Cerkasa and Aija Lasmane.

The firm did not reply to our inquiry about the deal.