The Financial Times & Mergermarket awards SORAINEN as best Baltic law firm


On 10 December in London, law firm SORAINEN received the "Baltic Legal Advisor of the Year 2008" award from The Financial Times & Mergermarket.

From left: Caspar Hobbs, CEO of The Mergermarket Group; Laimonas Skibarka, Partner, SORAINEN Lithuania; Toomas Prangli, Partner, Regional Head of the M&A and Private Equity Team, SORAINEN Estonia; Kadri Kallas, Senior Associate, SORAINEN Estonia; Declan Curry, BBC Business News presenter and host of the awards ceremony.

The annual European Mergers & Acquisitions (M&A) Awards aim to recognise the leading law firms and financial advisors in the M&A field in Europe. This is the first time that The Financial Times & Mergermarket has selected and awarded the best law firm in the Baltics.

Host of the award ceremony, BBC business news presenter Declan Curry, said that the award went to the leading Baltic law firm which advised on the largest number of transactions and for the largest total value in the Baltics.

Aku Sorainen, managing partner with law firm SORAINEN, comments: "It is a great honour for us to receive this prestigious award. Many large and complex transactions took place this year in the Baltics and we are happy that this was noticed and recognised internationally."

During 2007-2008 SORAINEN advised on transactions with a total value of over EUR 3 billion, including: Coopernic's acquisition of Palink (IKI), the Latvian Government bailout of Parex banka, Nordzucker's acquisition of Danisco Sugar, Vienna Insurance Group's acquisition of Seesam Life Insurance, Realia Group's acquisition of Ober-Haus, Capital International's acquisition of Lode, Artria Group's acquisition of two Estonian meat producers, Gjensidige's acquisition of Reso Europa, disposal of Kaunas Akropolis and others.

The Financial Times & Mergermarket Awards are unique in utilising both statistical M&A transaction data and independent expert opinion to identify the winners of each award. The selection process involves three stages designed to select the winner objectively, comprehensively and equitably. The judging panel includes senior representatives from The Financial Times, The Banker, Mergermarket, major private equity funds and international law firms.

The Financial Times is a premier global publication with an unrivalled editorial reputation in global business and politics. Mergermarket (part of The Financial Times Group) provides M&A transaction information and intelligence.


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