Recent work | April 29, 2021

Roschier acted for Suomen Autokauppa in connection with Ilmarinen’s and ELO’s investments in Saka

Finnish pre-owned car retailer Suomen Autokauppa (Saka) has announced equity investments from Finnish mutual pension companies Ilmarinen and Elo. Roschier represented Saka in the transaction.

The majority of Saka is owned by the company’s founders and management, with Elo and Ilmarinen taking ownership of approximately 19% of the company.

Founded in 2015, Suomen Autokauppa is a leading retail chain focusing on pre-owned passenger cars. Saka is headquartered in Oulu, with nationwide operations through 21 stores as well as modern online channels.

Roschier’s main advisory team comprised Jouni Salmi, Annika Salparanta, Mika Ohtonen (tax), Andreas Bussman, René Male, Sabina Hautaviita, Johannes Ahti (finance) and Atte Kaira (finance).