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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, […]
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Acquisition of Latvian wood processing company Kurekss completed
We advised the shareholders of Kurekss, which is one of Latvia’s leading sawmills and has over 30 years of industry experience, on the sale of 100% of shares in the company and, indirectly, its subsidiary Kurzemes granulas (a wood pellet producer in Latvia, in operation since 2005) to HS Timber Group. About Kurekss Established in […]
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Tietoevry completes the divestment of its Tech Services business
We were part of the advisers team of the advisers on the seller’s side of Tietoevry regarding the divestment of its Tietoevery Tech Services business to funds advised by Agilitas Private Equity LLP. Our team and involvement From Sorainen, managing partner Eva Berlaus, counsels Renāte Purvinska, Piret Lappert, Pirkko-Liis Harkmaa, and Jonas Kiauleikis, senior associates […]
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Latvijas Banka has issued a crowdfunding service provider licence to FLOW
We are pleased to announce that on 27 August Latvijas Banka issued a crowdfunding service provider licence to FLOW. Congratulations to the FLOW team on this significant achievement! About FLOW FLOW is a new crowdfunding service provider on the Latvian market. The company is authorized to provide loan facilitation services (also known as loan-based crowdfunding) and […]