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UK investor Pollen Street Capital increases financing for Finbee Verslui to EUR 55 million
We advised UK investor Pollen Street Capital on increasing its financing for Finbee Verslui (UAB Finansų bitė verslui), a Lithuanian lender to small and medium-sized enterprises (SMEs), from EUR 35 million to EUR 55 million. The updated agreement will improve access to financing for Lithuanian SMEs and increase the business loan amount from EUR 250,000 […]
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NordSpace successfully launches up to EUR 10 million public bond offering across the Baltics
We advised ATIISIB NordSpace on its up to EUR 10 million public bond offering in Lithuania, Latvia and Estonia, the first tranche of which was fully subscribed by institutional and retail investors across the Baltics. NordSpace owns and operates a portfolio of 13 small business property projects in Lithuania, Latvia and Poland, comprising a total […]
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Advising SEB on the cross-border merger of its Baltic banks
We are advising SEB on the cross-border merger of its existing Baltic banks. It will be carried out by a side-step merger, whereby the Latvian and Lithuanian banks will be merged into the Estonian bank. Following this, the Estonian bank will operate in Latvia and Lithuania through branches established during the merger. Strengthening SEB’s financing […]
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Neverest Capital secures investment from Enterprise Investors Fund IX into Credit Union Saulėgrąža
We advised financial investor Neverest Capital on the sale of part of its stake in Credit Union Saulėgrąža to Polish private equity fund Enterprise Investors Fund IX and the Fund’s EUR 21.8 million investment into the Credit Union. Following completion, Neverest Capital will remain a minority shareholder in Saulėgrąža. Saulėgrąža is one of the largest […]
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Bitė Group refinances with EUR 550 million senior secured notes issue
We advised Bitė Group, a leading telecommunications and media group in the Baltics, on the issuance of EUR 550 million senior secured floating-rate notes due 2031, refinancing the Group’s existing notes. Bitė Group is an integrated telecommunications and media service provider in the Baltic, offering mobile communications, fixed broadband, Pay TV, media and contenct services in Lithuania, Latvia and Estonia. The Group is indirectly controlled by funds managed by Providence Equity Partners. Our team and services We advised the client in Lithuania and Latvia on all legal matters related to the issuance of the notes. Our team consisted of partners Augustas Klezys and Rūdolfs Eņģelis, counsels Vitalija Impolevičienė and Lina Aleknaitė-van […]