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Shareholders of Latvian ammunition manufacturer Ammunity signs agreement on sale of shares to Scandinavian Astor Group AB
We advised the shareholders of Ammunity, a Latvian small-calibre ammunition manufacturer, in connection with the agreement to sell 100% of the company’s shares to Scandinavian Astor Group AB, a Swedish defence and security company that will become a strategic investor in Ammunity. This acquisition marks an important step in the growth of Latvia’s defence industry […]
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Change Ventures invests in EngyCELL
We are pleased to have supported Change Ventures with their investment in EngyCELL, a Latvian-based provider of personalised energy storage solutions. About the case EngyCELL offers personalised energy storage solutions that help users reduce energy costs, gain energy independence and participate in the energy market. Change Ventures, a leading Baltic venture capital fund, has invested […]
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Inter IKEA Group completes acquisition of the IKEA retail business in the Baltics
We advised Inter IKEA Group on its acquisition of the IKEA retail business in the Baltics. The purchase included three full-size IKEA stores, five additional smaller customer meeting points, the business’s e-commerce platform, and the Digital Retail Development company. Currently, the IKEA retail operations in the Baltics employ 1,450 co-workers, and 6.6 million people visited IKEA stores […]
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L Catterton acquires Stenders
Sorainen advised L Catterton, one of the world’s leading private equity investment companies focused on investing in consumer segment companies and brands, on its acquisition of a majority stake in Stenders, a Latvian-based premium bath and body care products manufacturer. About the transaction The deal is expected to accelerate Stenders’ international expansion and strengthen its […]
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Booking Group and Chemispec acquire a sizeable office building in Latvia
We are happy to have assisted our clients Booking Group and Chemispec in a transaction for the acquisition of a 10,500 m² office building, located on Meistaru iela, Valdlauči, Ķekavas novads, Latvia, from Laurus Gene UAB. The office building is well-known as the current headquarters of SEB banka in Latvia. Our assistance We assisted our […]