We represented bank dealers as Lithuania borrowed EUR 1.2 billion on the international capital markets by issuing a new 5.5-year Eurobond of EUR 900 million and tapping the 10-year Eurobond issued in spring this year for EUR 300 million. “As interest rates continued to rise, Lithuania took advantage of the temporarily stable situation in the […]
We assisted asset management group Invalda INVL in completing the acquisition of Mandatum Life’s Baltic insurance business. Mandatum Life is one of Finland’s largest life insurance companies, which also operates in the Baltics through branch operations across Lithuania, Latvia, and Estonia. INVL will now be able to offer both existing and new clients additional tailored […]
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 […]
We advised Solarisbank AG, Europe’s leading Banking-as-a-Service platform, on an acquisition of Contis Group Ltd, which provides full back-end & front-end payments services. Companies have successfully brought their previously disclosed partnership to completion, entering into a definitive business combination agreement. With a valuation of EUR 1.4 billion, Solarisbank and Contis expand their leadership in the […]
We advised INVL Life, a subsidiary of the Invalda INVL asset management group, on obtaining a licence to conduct life insurance activities in Lithuania. This is an exceptional case as it is the first insurance licence issued in the last 20 years. INVL Life was established as part of the group’s acquisition of the Baltic […]