We advised Inter IKEA Group on its acquisition of the IKEA retail business in the Baltics.
The purchase included three full-size IKEA stores, five additional smaller customer meeting points, the business’s e-commerce platform, and the Digital Retail Development company. Currently, the IKEA retail operations in the Baltics employ 1,450 co-workers, and 6.6 million people visited IKEA stores in 2023.
Inter IKEA Group already owned purchasing, logistics and production operations in the Baltics, employing around 700 IKEA co-workers.
In addition to this, the Inter IKEA Group owns and operates the IKEA store in Delft, the Netherlands. All other IKEA retail operations are owned and operated by 12 IKEA franchisee groups. The sellers will continue to own and operate IKEA Iceland.
Our services
Our assistance to Inter IKEA Group included performing limited legal due diligence, advising the client on the structure of the transaction in the Baltics, settling financing facilities, and assisting with the completion of the transaction, and corporate matters.
Our team
The project was led by partner Jānis Līkops, and senior associates Roberts Prūsis and Robin Teever, as well as counsel Raminta Karlonaitė-Durnan. Numerous other team members from all three Sorainen offices in the Baltics assisted the client with this notable transaction.
