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Largest investment in the Baltic startup ecosystem this year: Vinted secures a TPG-led EUR 340 million investment
We advised TPG, a US venture capital fund manager, on its investment in Vinted, Europe’s leading second-hand C2C marketplace focused on fashion. The TPG-led group of investors acquired EUR 340 million of shares, valuing Vinted at EUR 5 billion. This is the largest investment in the Baltic start-up ecosystem this year and the largest ever […]
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Largest investment in the Lithuanian startup ecosystem this year: Ovoko attracts EUR 20 million investment
We advised Smash Capital, a US venture capital fund manager, on investing in Ovoko, a Lithuanian startup operating online marketplaces for used car parts. Smash Capital acted as lead investor in the Series B round, which was worth EUR 20 million in total. This is the largest investment in the Lithuanian startup ecosystem this year. […]
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Antalis acquires Baltic packaging distributor Pakella
We advised Antalis during the acquisition of Pakella, which specialises in the manufacturing and distribution of industrial and food packaging to various business customers. Pakella is a leading packaging distributor in Latvia, Lithuania and Estonia, with a EUR 15 million turnover in 2023 and 60 employees at its three distribution sites. Antalis is a member […]
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Livonia Partners invests in Digital Mind
We assisted Livonia, one of the largest private equity investors in the Baltic region, with an investment in Digital Mind, a business process digitalisation specialist for large and mid-sized organisations in the Baltic States. About the transaction The purpose of the transaction is to facilitate the acquisition of 100% of the shares in EIP Dynamics, […]
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Bitė Group splits up its telecommunications and media businesses
We advised Bitė Lietuva on splitting up its telecommunications and media businesses. From now on, they will each be managed by different holdings. Bitė Group will merge its telecommunications businesses in Lithuania and Latvia, while All Media Group will merge its media businesses in the Baltic countries, including TV3 television, the streaming platform station Go3 […]