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Tikedo acquires a majority shareholding in IMPAKS
Tikedo S.r.l., controlled by private equity firm White Bridge Investments, acquired a majority (75%) shareholding in the renowned Latvian company SIA IMPAKS, which specializes in producing labels for alcoholic beverages. Our role Sorainen advised the buyer (Tikedo) on the transaction. This included full-scope transaction advice for the buyer, including performing legal due diligence of the […]
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Gren continues to grow in Latvia
We advised Gren Latvija, one of the leading green energy companies in Latvia, part of Gren Group, in signing an agreement to acquire the green energy company Bioeninvest: a district heating system operator in the town of Gulbene, providing heating to ca. 1,000 customers. Client comment Ilkka Niiranen, CEO of Gren Group, comments: “I am delighted […]
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Ignitis grupė subsidiary signs agreement to acquire wind and solar project in development in Latvia
We assisted UAB “Ignitis renewables”, a subsidiary of AB “Ignitis grupė” (hereinafter – the Company), in signing a conditional agreement to acquire 100% of the shares in a Latvian company developing a wind and solar project in Latvia (hereinafter – the Agreement), after the approval of the Group’s Management Board. About the project Targeted total […]
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YIT enters the largest ever residential to-let development project in the Baltic countries
We advised YIT, the largest Finnish urban developer and construction company and also significant in Northern Europe in general, on the establishment of a partnership involving the largest ever residential to-let development project in the Baltic countries, and on local law aspects in all three of the Baltic states regarding the joint venture’s structure. As […]
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Finnish fund Titanium Baltic Real Estate acquires two Kesko Senukai stores in Latvia and Lithuania
We advised the Titanium Baltic Real Estate fund, managed by the Finnish asset management company Titanium Fund Management Company, on acquiring the DIY company Kesko Senukai’s flagship stores in Vilnius, Lithuania; and Daugavpils, Latvia. Delta turtas and SIA Daugavpils Project 1, the companies which own the stores, have been transferred to the fund by KS […]