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SigmaRoc acquires Lithuanian dolomite producer Dolomitas
We advised SigmaRoc PLC, a London-listed European lime and minerals group, on its acquisition of 100% of the shares in AB Dolomitas for EUR 110 million on a debt-free and cash-free basis, plus a further EUR 8 million for certain non-core assets. The consideration comprises EUR 90 million in cash and EUR 20 million in […]
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InMedica to acquire Navicko Klinika in Klaipėda
We are advising UAB Navicko Klinika on the sale of 100% of its shares to medical clinic network InMedica which is owned by Finnish social and healthcare services provider Mehiläinen. The transaction is subject to clearance by the Lithuanian Competition Council. InMedica and its affiliated companies provide healthcare, dental and medical laboratory testing services in […]
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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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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 […]