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Autolux takes over Hertz franchise operations in the Baltics
We assisted Autolux in taking over the operations and administration of the Hertz franchise in Estonia, Latvia and Lithuania. Car rental company Autolux won the tender and became the exclusive Hertz franchise operator in the Baltic states as of 1 January 2019. Autolux completed the required preparations on time and effectively centralised and streamlined the […]
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Owens Corning acquiring Paroc Group
Sorainen is advising Owens Corning on the acquisition of Paroc Group, a leading producer of mineral wool insulation for building and technical applications in Europe. The total disclosed value of the acquisition of Paroc Group facilities in Finland, Lithuania, Poland, Russia and Sweden is EUR 900 million. NYSE-listed Owens Corning develops, manufactures and markets insulation, […]
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Oriola completes the sale of its Baltic businesses
Sorainen advised Finland-based Oriola on the sale of its Baltic business to Oribalt Group, controlled by the management of Oriola Baltic subsidiaries. Completion of the transaction went public on 19 October 2017 when Oriola announced that in early August 2017 it had signed an agreement to sell its Baltic businesses. Oriola’s Baltic businesses comprise the […]
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Worldline to acquire Baltic subsidiaries of First Data Corporation
Sorainen is advising French payments company Worldline on the acquisition of payment processors First Data Lietuva, First Data Latvia, and First Data Eesti (together “First Data Baltics”). Worldline, a European leader in the payments and transactional services industry employing over 8,700 people worldwide and with estimated yearly revenue of approx EUR 1.5 billion, signed an agreement with […]
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Baltic food delivery leader Foodout merges with Eda.ua and expands to Ukraine and Belarus
Sorainen advised the Foodout Group, a leading mobile and internet food delivery and takeaway startup in the Baltics, on its merger with Eda.ua, the largest Ukrainian food delivery startup. The combined company is due to start operating in Belarus shortly. The Foodout Group operates in six countries (Ukraine, Belarus, Lithuania, Latvia, Estonia and Iran) with […]