Acting as local counsel for the Baltics, we have been advising IK Partners and Renta Group on its acquisition of Uprent Group.
Renta is a full-service machinery and equipment rental company, which prior to the acquisition had operations in Finland, Sweden, Norway, Denmark and Poland, with over 100 depots and more than 1,000 employees. Uprent is a leader in specialised pumping in the Baltics and Poland, providing dewatering and bypass solutions for construction, water management and manufacturing companies as well as dredging and trench shoring solutions. Uprent has 13 depots and more than 100 employees.
The acquisition marks a continuation in Renta’s strategy to be a leading equipment rental company in Northern Europe. With this acquisition, Renta enters specialised pumping, which is an attractive and sizeable rental niche, especially in Poland and the Baltics, where pumping is typically required on construction sites due to wet soil conditions. Geographically, Renta strengthens its position in Poland and gains entry to the Baltics, further broadening its presence in Northern Europe.
Our involvement and our team
In close cooperation with the lead legal counsel, we provided full legal support on the Baltic aspects of the transaction, including legal due diligence, transaction negotiations, as well as closing of the transaction.
The pan-Baltic Sorainen team was led by counsel Jānis Bite and supported by country managing partner Eva Berlaus. The Latvian team included senior associates Māris Simulis, Līva Aleksejeva and Zane Akermane, as well as associates Ieva Zariņa, Kate Berlaus and Alise Igale. The Lithuanian team was led by counsel Jonas Kiauleikis and supported by senior associate Matas Mačiulaitis, and the Estonian team was led by counsel Piret Lappert, supported by counsel Pirkko-Liis Harkmaa, senior associates Britta Retel and Nele Suurmets, associates Kadri Puu and Liisa Kuuskmaa and senior practice group coordinator Eva-Maria Kullamäe.