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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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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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Bitė Group sells its tower portfolio to Stonepeak for EUR 480 million, making it Top 3 Baltic deal of the year
We advised Bitė Group, the leading telecommunications and media group in the Baltics, on the sale of its communications towers company TeleTower to global private equity firm Stonepeak. The transaction will create the first fully independent tower company in the region and represents the beginning of a strategic partnership dedicated to investing in the Baltic […]
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Palo Alto Networks to acquire Chronosphere
We acted as the Lithuanian legal advisor for Palo Alto Networks, the global cybersecurity leader, on its entry into a definitive agreement to acquire Chronosphere, a next-generation observability platform built to scale for the AI era. Under the terms of the agreement, Palo Alto Networks will acquire Chronosphere for a total consideration of USD […]
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Aura Power sells 70 MW/140 MWh battery storage project in Šalčininkai
We advised international renewable energy group Aura Power on the sale of its majority stake in UAB Aura Power Dubhe (together with other minority shareholders’ stakes, comprising 100% ownership) to Finnish energy group Olana Energy. The target is developing 70 MW / 140 MWh capacity late-stage battery energy storage system (BESS) project in Šalčininkai, Lithuania, […]