Sell side mandate

ONEtoONE has advised Cofinpar in the sale of their subsidiary Sonama, a Volvo dealership network, to Mobicore. COFINPAR, is a holding company involved in real estate development, car parts distribution, and multiple other financial holdings. They made the strategic decision to entirely divest their automotive retail branches and subsequently sold SOGALUX to CarAvenue and RCM in 2021. This comprised 5 points of sales and was the largest Mercedes dealership group in the South of Belgium. This process was recently completed with the sale of SONAMA, the largest Volvo dealership group in the region, to Mobicore. ONEtoONE assisted the COFINPAR group throughout the entire divestment process. Mobicore is a leading operator of brands in mobility in both Luxembourg and Belgium. They are a high volume seller of mainly Volvo brands after having divested their Mercedes outlets.
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