Sale of Kovanen, the leading Finland-based taxi services business, to Cabonline

Family Business Kovanen Oy

Posted on

30 Jun

2017

Share this

Fast facts

Status:

Completed

Cross-border:

Yes

Deal value:

Not disclosed

Dittmar & Indrenius > References > Sale of Kovanen, the leading Finland-based taxi services business, to Cabonline

We represented Kovanen, Finland’s largest full service passenger transportation service provider, in the sale of their operations to Cabonline.

Kovanen, Finland’s largest full service passenger transportation service provider, sold their operations to Cabonline, which is ultimately controlled by H.I.G. Capital.

The transaction was the market defining transaction in Finland driven by the deregulation of the taxi market entering into force in July 2018 enabling free competition in the market. Prior to the transaction, Kovanen was Finland’s largest full service passenger transportation service provider and it will continue to grow under the Kovanen brand in the new ownership structure.

We were in charge of the legal due diligence and assisted in the complicated transaction negotiations, involving questions concerning the changing regulatory situation, trademark co-existence and assignments and the seller’s reinvestment into the purchasing entity group.

 

Related references

Share this

Dittmar & Indrenius