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Process of transformation of PrivatBank
We provided legal support to PrivatBank in transferring its client portfolio and part of its assets and liabilities to Industra Bank. The total of the loans included in the transaction was approx. EUR 25 million, and the amount of deposits exceeded EUR 50 million. The transaction received the permission of the Financial and Capital Market […]
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Cardinal Health completes sale of Cordis business to Hellman & Friedman
Acting as local counsel in Latvia we advised Cardinal Health, a distributor of pharmaceuticals, global manufacturer and distributor of medical and laboratory products, and provider of performance and data solutions for health care facilities, on the sale of Cardinal Health’s Cordis business to Hellman & Friedman. Our services and team During the project, in cooperation […]
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Apollo Funds to acquire majority stake in leading sustainable bioenergy producer Graanul Invest
Acting as local counsel in the Baltics through Allen & Overy’s London office we advised Apollo Global Management (Apollo), a global alternative investment firm, on acquiring a majority stake in Estonian-based Graanul Invest (Graanul), the largest producer of sustainable wood pellets in Europe – and one of the largest producers globally. Pioneer in the industry […]
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Signing and financial close of the first major roads PPP in Latvia
In cooperation with lead counsel Loyens & Loeff (Brussels), we advised clients A.C.B., Binders, and TIIC (Portugal) who formed the consortium Kekava ABT to sign a 3+20 year DBFM contract with the Latvian state for the 17.5 km Kekava bypass on the Via Baltica route, with financing from the European Investment Bank and the Nordic […]
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Printful becomes Latvia’s first unicorn
Private equity firm Bregal Sagemount has invested 130 million USD in the print-on-demand company Printful. With this funding, Printful has become Latvia’s first unicorn, with a valuation of over 1 billion USD. Printful was founded in 2013. Up until this point, the company has been fully bootstrapped, and it generated 200 million USD in revenue in 2020 […]