Sorainen advised Pigu.lt, the largest online sales player in the Baltic States, and its shareholders on its merger with Morele.net, a Polish e-commerce platform operating in the consumer electronics distribution segment. The merger will result in creation of one of the largest e-commerce groups in Central and Eastern Europe, with a plan to exceed annual turnover of one billion euro over the next five years. Leading Polish private equity group MCI is an investor in both Pigu.lt and Morele.net.
Sorainen advised on all merger-related matters, including preparing the transaction structure and documentation as well as representing the client in negotiations.
The Sorainen team was led by partner Mantas Petkevièius and senior associate Deimantë Pagirienë.