We are assisting asset management group Invalda INVL in acquiring 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. Invalda INVL has signed a deal in principle to acquire Mandatum Life’s Baltic insurance business.

Completion of the transaction is anticipated for the middle of 2022 and is subject to Baltic and Finnish regulatory approval regarding permissions and licencing. A new company, to be established by Invalda INVL in due course, will take over the Baltic life insurance business.

Scaling-up investments in companies operating in ‘home markets’

Darius Šulnis, President at Invalda INVL, commented: “The growing assets that individuals and institutional investors are entrusting to the Invalda INVL Group, along with the biggest team in the Baltics working with those assets, allow us to scale-up investments in companies and businesses already operating or starting up in our ‘home markets’. This positively affects the development and growth of the Baltic region as a whole. The investment management and life insurance businesses have a lot in common and we believe that the transaction creates real value-add for all stakeholders.”

Our services and the project team

We are assisting the client on all the transaction-related matters, including negotiations, preparation of transaction documents and conducting legal due diligence.

Our pan-Baltic team, led by partners Mantas Petkevičius and Tomas Kontautas, as well as senior associates Mindaugas Baniulis and Agnė Sovaitė, consists of counsels Jānis Bite, Piibe Lehtsaar, and Monika Mališauskaitė-Vaupšienė; senior associate Vitalija Impolevičienė ; associate Nele Suurmets and others.