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Advising SEB on the cross-border merger of its Baltic banks
We are advising SEB on the cross-border merger of its existing Baltic banks. It will be carried out by a side-step merger, whereby the Latvian and Lithuanian banks will be merged into the Estonian bank. Following this, the Estonian bank will operate in Latvia and Lithuania through branches established during the merger. Strengthening SEB’s financing […]
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Warburg Pincus invests in Oxylabs, creating Lithuania’s newest unicorn
We advised the US private equity firm Warburg Pincus in relation to its USD 130 million investment in Oxylabs, a leading data infrastructure platform. Following this investment, the total valuation of Oxylabs will reach USD 3.6 billion making it Lithuania’s second-largest unicorn by valuation and the sixth unicorn to originate from Lithuania. “Oxylabs has established […]
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The largest Polish bank is opening a representative office in Lithuania
We provided advisory services to the largest Polish bank, PKO Bank Polski (PKO PB), in establishing a representative office in Lithuania. According to Marek Radzikowski, the bank’s vice-president responsible for operations and international banking, PKO PB’s strategy involves opening eight new foreign units by 2027: four branches and four representative offices. In choosing Lithuania, the […]
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Green Landscaping Group expands in Lithuania through the acquisition of UAB Economus
We advised Green Landscaping Group, an international group specialising in outdoor maintenance, on its acquisition of UAB Economus, which has annual sales of approximately EUR 3.4 million. Founded in 2006, Economus offers a full range of children’s playgrounds, outdoor gym installations, and maintenance services in Lithuania. This is our client’s second acquisition in Lithuania. In […]