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Danish fund ETNA Capital acquires a controlling stake in Brolis Defence Group
We are advising the Danish private equity fund ETNA Capital on the acquisition of a controlling stake in UAB Brolis Defence Group, a Lithuania-based developer of electro-optical systems for military and security purposes. This marks the largest private equity investment in the defence sector in the Baltic States to date and the first investment of ETNA […]
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Jenoptik acquires Fima ITS businesses in Lithuania and Latvia
We advised Jenoptik, a global technology group operating in the photonics market, on the acquisition of 100% shares of UAB Fima ITS in Lithuania and, indirectly, SIA Fima ITS in Latvia. The companies operate in the Lithuanian and Latvian markets in the field of intelligent transportation systems (ITS), providing a comprehensive range of services and technologies designed to enhance transportation infrastructure, road safety, […]
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Sectra acquires autonomous radiology AI startup Oxipit
We advised Oxipit, a Lithuanian startup specialising in AI-based solutions for radiology, on the sale of its shares to Sectra, an international medical imaging IT and cybersecurity company. Oxipit holds the first CE Class IIB certification for autonomous AI in chest X-ray analysis. Oxipit’s ChestLink is a leading example of this autonomous approach. Within its […]
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One of the largest recent foreign investments in Lithuania: Quaero Capital agrees to acquire a 49% stake in the Vilnius Combined Heat and Power Plant from Ignitis Group
We advised the infrastructure fund Quaero European Infrastructure Fund III, managed by Quaero Capital SA, on the acquisition of a 49% stake in the Vilnius Combined Heat and Power Plant from Ignitis Group. The Vilnius Combined Heat and Power Plant (CHP) – one of the most advanced facilities of its kind in Europe – is […]
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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 […]