-
Advising Sunly on the largest battery storage deal across the Baltics
We advised Sunly on preparing and negotiating EPC contracts for the construction of Estonia and Latvia’s largest battery energy storage systems. The project forms part of broader cooperation between Sunly and Rolls-Royce across the Baltic States, which includes five utility-scale battery energy storage systems in Latvia and Estonia, with a combined capacity of nearly 800 […]
-
Saules BESS to implement an energy storage project through EUR 22 million bond issues
We advised Saules BESS, a Latvian developer of battery energy storage systems (BESS) integrated with solar energy infrastructure, on the structuring and issuance of secured bonds and subordinated bonds to support their business expansion. About the project The newly installed BESS units will be co-located with existing solar power plants. This will enable the implementation of […]
-
Multitude Bank provides EUR 16 million financing facility to Nordecum
We advised Multitude Bank plc, a Wholesale Banking business unit of Multitude AG, a listed European FinTech company, on providing a EUR 16 million financing facility to UAB Nordecum, a Lithuanian digital consumer finance company and part of Placet Group OÜ. The facility strengthens Nordecum’s funding base by refinancing existing arrangements and providing additional capacity […]
-
Merito Partners Successfully Raises EUR 11 Million for Gaižēni Acquisition
Sorainen advised Merito Partners, a private investment company operating in Latvia, on the establishment of a secured bond programme of up to EUR 14 million, to be issued in several tranches. Proceeds from the programme will be used to finance the acquisition of Gaižēni, Latvia’s leading livestock farming and agriculture company. The bonds will be […]
-
Acquisition of a logistics and office complex in Riga
We advised a client working in the real estate sector on a transaction involving the purchase of a company owning logistics and office building located in Riga with an area of nearly 29,000 m2 and a land with an area of 6.3 ha. The seller of the company was VGP Group – a pan-European developer, manager, […]