Trodo has secured financing from SEB Bank to buy out minority shareholder
May 2025 — Trodo, a leading e-commerce brand for automotive spare parts and accessories, has successfully secured a senior debt facility from SEB Bank. The financing enabled the company to buy out its Norwegian shareholder, a long-term business partner who played a pivotal role in establishing Trodo’s operations in Norway during its early years.
Operating under the Trodo and Eurodel brands, Trodo is a pure-play e-commerce business specializing in automotive spare parts and accessories. Founded in 2012, the company has grown into a prominent player in the Nordic region, holding leading market positions in Norway and Latvia, while expanding rapidly in Sweden, Finland, Lithuania, Estonia and other markets. As a customer-centric platform, it focuses on technology, product compatibility and exceptional support to empower users to confidently solve vehicle-related issues. Its bold, movement-inspired brand identity reflects a commitment to innovation, reliability and a seamless customer experience.
Our role in the transaction
Oaklins’ team in Latvia advised Trodo on raising debt financing. During the process, Oaklins engaged with local banks and regional private debt funds, provided guidance on deal structuring and supported negotiations to secure optimal financing terms.
Emīls Everss and Helvijs Everss
Co-founders, Trodo
Talk to the deal team
Related deals
Mattina Holding has sold a 5% stake in Gens Aurea via accelerated bookbuild
Mattina Holding S.A. (DVC Partners) has sold a 5% stake in Italian company Gens Aurea S.p.A. through an accelerated bookbuild, raising approximately US$69.96 million.
Learn moreTNT has been acquired by PM Studio
TNT Group has been acquired by PM Studio Group, backed by Andera Partners, bringing together two complementary specialists in premium packaging for the beauty and luxury industries. TNT’s expertise in bespoke primary packaging complements PM Studio’s secondary packaging, gifting and creative design capabilities, creating a broader, integrated offering for major luxury brands. The transaction strengthens the group’s geographical footprint in Asia and the USA, diversifying its customer portfolio. The combined group generates over US$145 million in revenue and has approximately 150 employees worldwide. Following the transition of operational leadership to CEO Damon Kennish, the founders completed the sale to PM Studio while making a significant reinvestment alongside the management team, demonstrating their confidence in the combined group’s long-term potential. It aims to reach US$280 million in revenue by 2029 through organic growth, commercial synergies and further acquisitions.
Learn moreCapvis has sold hessnatur to Wourth Group
Hess Natur-Textilien GmbH & Co. KG has become part of the international Wourth Group. With the change of ownership from Capvis to Wourth Group, hessnatur is entering its next phase of development. The transaction reflects the company’s successful strategic and business development in recent years, and creates a strong foundation for the future.
Learn more