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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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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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Sweden’s agricultural co-op of 17,000 owners expands its reach
We are advising Lantmännen, a Swedish agricultural cooperative, on the acquisition of Leipurin and its operations in Sweden, Finland, Estonia, Latvia and Lithuania. Lantmännen is owned by 17,000 Swedish farmers and has 12,000 employees in over 20 countries. While already Northern Europe’s leader in agriculture, machinery, bioenergy and food products, this acquisition will further strengthen […]
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Latvijas Banka has issued an EMI licence to Pace FS
We are glad to announce that, on 18 June, the Supervision Committee of Latvijas Banka issued an EMI operating licence to Pace FS. We at Sorainen would like to congratulate Pace FS and their team on this milestone achievement. About Pace FS Pace FS is a fintech company dedicated to providing payment services for online […]
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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 […]