Bauhof Group AS has been acquired by Ermi Group, a subsidiary of Vilniaus Prekyba
MyInvest Estonia, a consortium of local private investors, has sold Estonian DIY chain Bauhof Group AS to Ermi Group, a subsidiary of the Baltics' largest retail group, Vilniaus Prekyba. This transaction has resulted in the creation of the region's third largest DIY group, with strong market positions in Estonia and Lithuania.
Bauhof leads the Estonian building materials retail DIY market. In 2017, the company reported sales of US$106 million and net profit of US$4 million. Bauhof has 13 stores and 450 employees.
Ermi Group, a subsidiary of Vilniaus Prekyba, operates the group's DIY chains in Lithuania under the Ermitažas brand. Vilniaus Prekyba is a private holding headquartered in Vilnius, Lithuania, that oversees, controls and manages a group of subsidiary companies operating retail and pharmacy chains, real estate development and shopping centers lease, and management companies in the Baltic states, Poland, Bulgaria and Ukraine.
Oaklins' team in Estonia acted as the exclusive sell-side advisor to MyInvest Estonia.
Member of the Supervisory Council, Bauhof Group AS
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