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Šiaulių bankas establishes EUR 275 million SB Modernisation Fund for renovating apartment buildings
We advised Šiaulių bankas on the establishment of the EUR 275 million SB Modernisation Fund and signing agreements with the European Investment Bank, the Council of Europe Development Bank, INVL Asset Management, Swedbank and Nordic Investment Bank (NIB) on the financing and management of the fund. The fund administered by Šiaulių Bankas will consist not […]
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Finnish fund Titanium Baltic Real Estate acquires two Kesko Senukai stores in Latvia and Lithuania
We advised the Titanium Baltic Real Estate fund, managed by the Finnish asset management company Titanium Fund Management Company, on acquiring the DIY company Kesko Senukai’s flagship stores in Vilnius, Lithuania; and Daugavpils, Latvia. Delta turtas and SIA Daugavpils Project 1, the companies which own the stores, have been transferred to the fund by KS […]
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Bitė completes acquisition of Mezon
We advised telecommunications company Bitė throughout the Mezon acquisition deal. The acquisition was completed at the end of December in 2020, after Competition Council and the Communications Regulatory Authority granted their approval, and after Bitė made certain commitments. UAB Mezon, a subsidiary of Bitė Lietuva, acquired the business operating under the Mezon brand from the […]
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SBA Group sells logistics centre and factory real estate to EfTEN Fund
We advised the SBA Group on its largest-ever real estate sale transaction. The logistics centre and the furniture component factory in the SBA Industry Innovation Valley near Klaipėda has been transferred to the green real estate fund managed by Estonian fund management company EfTEN Capital AS. Deal value – EUR 28.6 million. SBA Industry Innovation […]
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Bitė Group and indirect majority shareholder Providence Equity Partners complete EUR 700 million refinancing
We assisted Bitė Group, controlled by international asset management company Providence Equity Partners, as Lithuanian, Latvian and Estonian law counsel in a refinancing transaction. Total disclosed value of the transaction is EUR 700 million. Largest bond issue by a private Baltic company to date The transaction covers two parts: A bond issue by PLT VII […]