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Gren acquires Rīgas Enerģija
With our assistance, the Northern European green energy company Gren has completed a transaction to acquire Rīgas Enerģija, a sustainable energy producer in Riga, adding to its fleet a biomass combined heat and power plant (CHP) that uses a local, renewable energy resource – woodchips – to produce clean and price-competitive heat energy and electricity. […]
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Nova Post Latvija starts providing postal services
Nova Post is a Ukrainian postal company that has expanded its business to Latvia and Estonia in autumn 2023. Its customers will be able to send and receive orders to and from Ukraine. We provided the full-scale legal assistance necessary for starting postal services provision in Latvia, including the establishment of a limited liability company […]
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The largest real estate transaction in 2023: Rimi Baltic sells logistical and office centre in Riga
According to the long-term development plans of Rimi parent company ICA Gruppen, as part of the equity transaction Rimi Baltic has sold the central logistical and office premises in Riga, Deglava Street 161, to East Capital Real Estate Fund IV, by concluding a long-term 15-year lease agreement with the new owners. The purchase price of […]
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Tikedo acquires a majority shareholding in IMPAKS
Tikedo S.r.l., controlled by private equity firm White Bridge Investments, acquired a majority (75%) shareholding in the renowned Latvian company SIA IMPAKS, which specializes in producing labels for alcoholic beverages. Our role Sorainen advised the buyer (Tikedo) on the transaction. This included full-scope transaction advice for the buyer, including performing legal due diligence of the […]
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Nissan transfers all its operations in three Baltic markets to Nordic Automotive Services
We assisted Nissan Nordic Europe with the conclusion of an agreement with Bassadone Automotive Nordic on becoming the importer of new Nissan vehicles, parts and services in Estonia, Latvia and Lithuania under the entity Nordic Automotive Services. Under the partnership, all Nissan operations as well as all Nissan’s employees in the three Baltic markets will […]