Lithuanian Modus Group acquired Estonian parking operator Citypark Eesti

UAB Stova, subsidiary of Modus Group, acquired one of the largest Estonian parking operator Citypark Eesti. Citypark Eesti provides its services mostly in Tallinn, operating around 6,500 parking spaces.

UAB Stova is providing parking services under the trademark „Unipark“ in Lithuania, Latvia and Belarus. UAB Stova is part of Lithuanian Modus Group, active in car dealership, real estate development and in energy sector.

The shareholders of Citypark Eesti OÜ were advised by M&A adviser Nordic CF Advisory and law firm Varul / Tark Grunte Sutkiene.

Nordic CF Advisory is an independent Estonian financial advisory boutique providing corporate finance services with individual approach and solutions. NCFA is focused on M&A advisory, business valuations and capital raising projects.