SORAINEN together with Mannheimer Swartling advised Swedish based company Hilding Anders – the leading manufacturer of beds in Europe, Russia and Asia – on acquisition of the Lithuanian company Mingridas.
Mingridas operates in Jonava, where mostly local materials are used for manufacturing beds and spare parts. The company employs a team of over 120 woodworkers, carpenters, designers and other personnel. Most of their products are exported to Scandinavia.
SORAINEN performed legal due diligence of the target and advised the client on local aspects of the transaction, including the share purchase agreement and closing of the deal.
The SORAINEN team, advising the client throughout all stages of the acquisition, was led by partner Algirdas Pekšys and also includes senior associates Jonas Kiauleikis and Artûras Kojala.