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Fibonatix receives a payment institution licence from Latvijas Banka
We advised Fibonatix on obtaining a payment institution licence from Latvijas Banka. SIA Fibonatix (LV) is a company within the Fibonatix brand, which includes the UK-regulated entity Fibonatix (UK) Limited and entities in Germany and Poland, all founded by Israeli founder Tal Miller. Fibonatix’s business involves providing payment solutions for merchants (e-commerce entities and beyond). […]
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W. P. Carey-managed company acquires Baltic retail property portfolio for EUR 177.5 million
We advised a company managed by the US investment fund W. P. Carey on the acquisition of a Baltic retail real estate portfolio worth EUR 177.5 million. The fund acquired it from UAB Baltic Retail Properties, a closed-end investment company for informed investors, managed by UAB Žabolis ir partneriai kapitalo valdymas. The transaction involved one […]
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Acquisition of a logistics and office complex in Riga
We advised a client working in the real estate sector on a transaction involving the purchase of a company owning logistics and office building located in Riga with an area of nearly 29,000 m2 and a land with an area of 6.3 ha. The seller of the company was VGP Group – a pan-European developer, manager, […]
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XTEND and JFB announce definitive USD 1.5 billion merger agreement
Sorainen is assisting XTEND – a technology company that develops AI‑assisted tactical unmanned aerial systems (UAS) – with Latvian and Estonian law aspects related to the merger between JFB Constructions (USA) and XTEND (Israel). The merger has the aim of creating an autonomous defence and security systems company, combining an AI-driven robotic operating system with […]
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Evergreen Garden Care has acquired Agaris Latvia
We advised Evergreen Garden Care, an Exponent portfolio company, on the acquisition of Agaris Latvia. About the acquisition The transaction, together with the acquisition of other Agaris entities in France, Poland and Belgium will help Evergreen Garden Care in significantly expanding its continental footprint. Agaris group is the leading producer and distributor of high-quality substrates, […]