We advised INVL Baltic Forests Fund I, managed by INVL Asset Management, on the sale of its portfolio, which consisted of 1,300 ha of forests in Lithuania. Šiluona, the company that owned the fund’s entire forest portfolio, was acquired by the Swedish company Latvian Forest Company.
Sustainable forestry management
Launched in 2017, the INVL Baltic Forests Fund I invested in forests suitable for forestry activities in the Baltics, mainly in Lithuania. It focused heavily on developing a sustainable forest market in Lithuania and locked in an average annual rate of return (IRR) for investors of 27%.
“It was the INVL group’s first fund to apply sustainable forestry management principles. We successfully realised the fund’s ambitions and now its lifecycle of nearly 5 years is ending with a return that exceeds the target rate several times over,” says Sigita Bizulienė, the manager of the INVL Baltic Forests Fund I.
INVL Asset Management will continue its activity in the area of sustainable alternative investments, focusing on the INVL Sustainable Timberland and Farmland Fund II (STAFF II) established a year ago.
Our team and services
Our team, consisting of partner Mantas Petkevičius and associate Laura Matuizaitė, advised the fund on all legal matters related to the transaction, including negotiations, conclusion of the share purchase agreement and closing the transaction.