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Italian concern SAPI S.p.a. invests in animal-waste-processing company
We advised the Italian concern SAPI S.p.a. on acquiring a 15% stake in the Cross financing company, which is a holding company for Rietavo veterinarinė sanitarija and Reneta. This is the first investment by the Italian concern in the Baltic countries. The transaction is significant for both parties and as well as the whole region, […]
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Bitė Group splits up its telecommunications and media businesses
We advised Bitė Lietuva on splitting up its telecommunications and media businesses. From now on, they will each be managed by different holdings. Bitė Group will merge its telecommunications businesses in Lithuania and Latvia, while All Media Group will merge its media businesses in the Baltic countries, including TV3 television, the streaming platform station Go3 […]
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We advised Farfetch on their acquisition of Wannaby
Farfetch has acquired an AR startup, Wannaby Inc, which has developed technology allowing users to virtually try on shoes, accessories and cosmetics. Farfetch already uses this technology widely on its online platform for the sale of premium fashion brands. The deal was closed in April and aims to expand and scale the virtual try-on capabilities […]
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American in-location experience management leader Raydiant establishes the largest office outside US in Lithuania
We advised a leading digital signage and in-location experience platform for brick-and-mortar, Raydiant, on the opening of a new office in Vilnius, Lithuania. The new office will be their second largest location after their San Francisco headquarters. Raydiant plans to onboard 70 new team members this year in their new Lithuania location, and increase that […]
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Storskogen acquires majority of shares in Scandia Steel
We assisted the Swedish-based company Storskogen in acquiring a majority of the shares in Scandia Steel – a leading Scandinavian supplier of steel pipe piles in foundation and foundation reinforcements. Manufacturing takes place in Kretinga, Lithuania Scandia Steel has 94 employees and a turnover of almost EUR 40 million. The company’s product development and sales […]