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Aura Power sells 50 MW/100 MWh battery storage project in Kaišiadorys
We advised international renewable energy group Aura Power on the sale of its majority stake in UAB Aura Power Dubhe (together with other minority shareholders’ stakes, comprising 100% ownership) to local Lithuanian investor UAB Karjerų linija. The company is developing a 50 MW / 100 MWh late-stage battery energy storage system (BESS) project in Kaišiadorys, […]
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Tietoevry completes the divestment of its Tech Services business
We were part of the advisers team of the advisers on the seller’s side of Tietoevry regarding the divestment of its Tietoevery Tech Services business to funds advised by Agilitas Private Equity LLP. Our team and involvement From Sorainen, managing partner Eva Berlaus, counsels Renāte Purvinska, Piret Lappert, Pirkko-Liis Harkmaa, and Jonas Kiauleikis, senior associates […]
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Artea Bank issues EUR 300 million bonds in the international market
We represented investment banks in AB Artea bankas’ issuance of EUR 300 million 4-year senior preferred fixed rate reset notes with an optional call date and interest rate reset at 3 years from issue. The annual fixed rate coupon on the notes up to the reset date will be 3.739%. Settlement will take place on […]
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Baltics’ largest private equity fund makes first investment in Estonia
We advised INVL Private Equity Fund II, the largest private equity fund in the Baltics and part of the Invalda INVL group, on their first ever private equity investment in Estonia. INVL signed an agreement to acquire a 75% stake in Eesti Keskkonnateenused (EKT), Estonia’s largest waste management group. Opening up more opportunities to implement […]
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International transaction strengthens access to cyber readiness training
We advised Cyberbit, a US-based cybersecurity company with Israeli roots, on the acquisition of an Estonian-founded cyber training platform, RangeForce. Moving towards a unified cybersecurity solution “Yes, tools matter, but we are convinced that the most valuable, most impactful security asset is your team. They are the ones who make all the difference,” said Brian […]