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Significant transaction in the Lithuanian food industry: Biovela Group seeks to acquire a controlling stake in Idavang
We advised Biovela Group, the largest meat processing group in the Baltic states, on its planned acquisition of a controlling stake in UAB Idavang. Idavang is the largest pig farming company in the Baltic region and has been operating in Lithuania since 1999. The company manages 12 farms and produces around 480,000 pigs annually. In […]
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Danish fund ETNA Capital acquires a controlling stake in Brolis Defence Group
We are advising the Danish private equity fund ETNA Capital on the acquisition of a controlling stake in UAB Brolis Defence Group, a Lithuania-based developer of electro-optical systems for military and security purposes. This marks the largest private equity investment in the defence sector in the Baltic States to date and the first investment of ETNA […]
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One of the largest recent foreign investments in Lithuania: Quaero Capital agrees to acquire a 49% stake in the Vilnius Combined Heat and Power Plant from Ignitis Group
We advised the infrastructure fund Quaero European Infrastructure Fund III, managed by Quaero Capital SA, on the acquisition of a 49% stake in the Vilnius Combined Heat and Power Plant from Ignitis Group. The Vilnius Combined Heat and Power Plant (CHP) – one of the most advanced facilities of its kind in Europe – is […]
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The Nordic Investment Bank and NORD/LB signed EUR 64 Million Financing Agreements with Green Genius
We advised The Nordic Investment Bank (NIB) and NORD/LB in providing EUR 64 million in financing to the Green Genius group. The funds will be allocated to the development of two new 91 MW solar power parks in Izabelinė (Ignalina district) and Lieponys (Trakai district). Additionally, an 18 MW battery energy storage system (BESS) is planned in Izabelinė […]
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Mantinga Group acquires Dutch frozen bakery distributor F&L Sales B.V.
We advised Mantinga Group – one of the leading producers of frozen bakery goods, snacks, and bread in the Baltics – on the acquisition of F&L Sales B.V., a Dutch company that will now operate as the new group division Mantinga Netherlands. F&L Sales B.V. is a long-established independent distributor of frozen baked goods in […]