Sorainen advised Digmatix (formerly Digital Mind) – a leading Microsoft Business Applications partner in Central and Eastern Europe, serving clients in over 35 countries across Europe, North America, and Africa – on securing a EUR 7.5 million loan from SEB banka and refinancing a mezzanine loan from BPM Mezzanine Fund II usaldusfond.
“We are honoured to have supported this transaction and to be assisting our client in further developing its business. We have been regularly advising advising Digmatix and its majority shareholder Livonia – one of the largest private equity investors in the Baltic region – on the growth of the company, and we truly appreciate the trust placed in us,” says Sorainen partner Ramona Miglāne.
“The SEB banka loan will enable us to strengthen our capital structure and drive further development across Central Europe. We are delighted to have Sorainen as our trusted partner on this journey,” notes Rinalds Sluckis, CEO of Digmatix.
Our involvement and team
Our assistance included reviewing and commenting on the loan and collateral agreements and related refinancing documents, as well as participating in negotiations with SEB banka. Additionally, Sorainen assisted with the deletion of existing collaterals established in favour of BPM Mezzanine Fund II usaldusfond.
The Sorainen team was led by partner Ramona Miglāne and included counsels Inese Heinacka and Dr Lina Aleknaitė – van der Molen, senior associate Kamilla Alma Vilderson-Evard, associate Andrius Pilitauskas, and legal assistant Gabriela Mora Petroviča.
