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We advised the Danish private equity fund ETNA Capital on securing bank financing from SEB Bank in Lithuania to support its acquisition of a majority stake in Brolis Defence Group, a Lithuania-based developer and manufacturer of advanced electro-optical systems for defence and security applications. The transaction was structured as a leveraged buyout (LBO), combining private […]
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We advised a client working in the real estate sector on a transaction involving the purchase of a company owning logistics and office building located in Riga with an area of nearly 29,000 m2 and a land with an area of 6.3 ha. The seller of the company was VGP Group – a pan-European developer, manager, […]
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We advised international renewable energy company Energix Group on the acquisition of two renewable Lithuanian energy companies – UAB Boniškių vėjas and UAB Vandžiogalos vėjas – from E energija Group. The acquired projects are located in the Kaunas region and strengthen Energix’s growing presence in Lithuania’s renewable energy market. The Boniškių vėjas project is being […]
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A court ruling has entered into force, fully dismissing the claim brought by the bankruptcy trustee of Reyna Trade against Saaremaa Laevakompanii for the recognition of a claim during the bankruptcy proceedings. The initial claim of EUR 9 million was reduced to EUR 300,000 during the proceedings; however, even this amount was not recognised in full. The dispute, which […]
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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 […]
