We advised the car washing and premises cleaning service company PRO BRO Group on the sale of the “Švaros broliai” car cleaning centres to the investment company Seal Group.
This step will allow PRO BRO Group to allocate its resources on the further expansion of its express tunnel car washes. The successfully sold cleaning centres will now operate under the name HOCUS.
Until now, PRO BRO Group’s activities comprised four segments: the PRO BRO Express tunnel car wash business and three service areas united under the “Švaros broliai” brand – car cleaning centres, a self-service car wash network, and premises cleaning business.
“We consistently implement the group strategy, which is focused on the international expansion of tunnel-style “express” car washes, and therefore we are transferring the business of car cleanliness centers that we have developed and which have received exceptional customer attention to new investors, who will continue to provide “premium” services in Vilnius under the new name HOCUS”, says Lina Žagarienė, Board Member of PRO BRO Group.
Currently, PRO BRO Group operates 25 PRO BRO Express tunnel car washes in Lithuania and Latvia (18 of which are franchise-operated), 21 Švaros brolių self-service car washes, and the Švaros brolių premises cleaning business.
Our team and services
We advised the client on all transaction-related matters, including pre-contractual negotiations, assistance with organising the due diligence process, drafting transaction documents (including the buyer’s obligations related to rebranding), and successful deal closing. The team included counsel Jonas Kiauleikis and associate Barbora Bernatonytė.
