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Michelin to acquire Estonian conveyor services provider Technobalt
Our pan-Baltic M&A team advised Fenner Dunlop, a part of the Michelin Group, on the acquisition of Technobalt Estonia, one of the largest conveyor services providers in the Baltics. Conveyor services in focus Founded in 1994, Technobalt operates mainly in Estonia, Latvia and Lithuania. Their main activity is the maintenance of conveyor systems and the […]
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Bitė completes acquisition of Mezon
We advised telecommunications company Bitė throughout the Mezon acquisition deal. The acquisition was completed at the end of December in 2020, after Competition Council and the Communications Regulatory Authority granted their approval, and after Bitė made certain commitments. UAB Mezon, a subsidiary of Bitė Lietuva, acquired the business operating under the Mezon brand from the […]
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Bitė and Telecentras sign agreement to sell Mezon
We advised telecommunications company Bitė on signing an agreement with the Lithuanian Radio and Television Centre (Telecentras) on the acquisition of Telecentras‘ internet, data transmission and IPTV business under the Mezon brand. The transaction, valued over EUR 20 million, has to be approved by the Competition Council and regulatory authorities. Mezon internet used by 97,000 […]
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Growmore Group to acquire Medicinos Bankas
We are assisting Nitin Shelke, the founder and chairman of Growmore Group, in entering into an agreement for the strategic acquisition of Medicinos Bankas – a retail bank in Lithuania with assets of USD 395 million (EUR 355 million). Growmore Group is a global investment and financial services conglomerate with businesses across the UAE, UK, […]
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Bitė and Tele2 enter into partnership for faster 5G network development
We advised telecommunication company Bitė on entering into a framework agreement with Tele2 to create a shared Radio Access Network (RAN) in Lithuania and Latvia. Partnership to benefit customers and national economies The partnership will boost the 5G network development process so that full coverage will be rolled out much faster than in a standalone […]