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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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Gjensidige completes sale of its business in the Baltics to ERGO
We advised the Norwegian non-life insurance company Gjensidige Forsikring on completing the sale of its business in the Baltics to ERGO International AG, a company that manages ERGO’s international business portfolio. All conditions necessary for the completion of the transaction have been fulfilled according to schedule, such as the required regulatory approvals in Lithuania, Latvia […]
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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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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 […]
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PRO BRO Group sells Švaros broliai car cleaning centres
We advised the car washing and premises cleaning service company PRO BRO Group on the sale of the “Švaros broliai” car cleaning centres to the investment company Seal Group. This step will allow PRO BRO Group to allocate its resources on the further expansion of its express tunnel car washes. The successfully sold cleaning centres […]