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Acquisition of Latvian wood processing company Kurekss completed
We advised the shareholders of Kurekss, which is one of Latvia’s leading sawmills and has over 30 years of industry experience, on the sale of 100% of shares in the company and, indirectly, its subsidiary Kurzemes granulas (a wood pellet producer in Latvia, in operation since 2005) to HS Timber Group. About Kurekss Established in […]
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Desktop Commander raises EUR 1.1 million in pre-seed funding for artificial intelligence tool development
We advised SIA Desktop Commander, a start-up which has created an artificial intelligence tool, as it raised EUR 1.1 million in pre-seed funding to facilitate product development and process automation. The funding was attracted from the venture capital funds 42CAP and BADideas.fund. About the artificial intelligence tool created by Desktop Commander Desktop Commander has developed […]
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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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Bitė Group issues EUR 200 million additional bond issue
We advised the leading telecommunications and media group in the Baltics, Bitė Group, on the issuance of an additional EUR 200 million bond issue. This is an addition to the record-breaking EUR 920 million bond issue in the Baltics, which the group carried out this spring. Bitė Group offers a wide range of mobile and […]
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Sunly receives almost €85 million international financing
We advised Sunly, a renewable energy producer, on securing a loan of almost EUR 85 million from the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), and SEB to build four solar parks in Latvia with a total capacity of 329 megawatts (MW) – enough to meet the annual electricity consumption of up […]