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We advised Lidl Lietuva on the sale and long-term leaseback for two newly built stores in Lithuania. 1,979 sq. m store in Jurbarkas and a 2,312 sq. m store in Panevėžys were acquired by Tewox. The acquisition was financed with a EUR 6.7 million loan from Luminor Bank. Tewox acquired the store buildings along with […]
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We advised Aurdel Sweden, part of the DistIT Group, on the sale of 100% of the shares in Deltaco Baltic to ELKO Group. The sale price amounts to EUR 3 million, and the transaction is subject to customary regulatory approvals. As part of the deal, a Distribution Agreement was signed between Aurdel Sweden AB and […]
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Salling Group, the largest retailing group in Denmark, agreed to acquire Rimi Baltic which operates retail chains in Latvia, Lithuania and Estonia. With a valuation of EUR 1.3 billion, this marks the largest Baltic transaction during this decade. Sorainen partner Laimonas Skibarka comments: “This will be one of the largest investments in the Baltics to […]
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We advised Scope in the divestment of Miss Mary, the leading niche underwear business, to the Czech e-commerce platform enterstore. A journey of growth In 2018, we advised Miss Mary on establishing a partnership with Scope, a private equity fund, and have now come full circle, advising them on Miss Mary’s divestment. This journey exemplifies […]
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We successfully represented Prisma Peremarket in a precedent-setting business dispute that lasted over a year. Harju County Court dismissed all of the claims by the owner of the premises, L95 OÜ. It confirmed Prisma’s position that the chain is not obligated to reopen a supermarket formerly located in the Linnamäe shopping center. Aim of preventing […]
