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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 […]
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Deals & Cases / Jānis Līkops, Roberts Prūsis, Raminta Karlonaitė-Durnan, Robin Teever, Aija Lasmane, Alise Igale, Andis Burkevics, Ieva Andersone, Ieva Prūse, Inese Heinacka, Kate Berlaua, Māris Liguts, Māris Simulis, Mariuss Raits Bergmanis, Nauris Grigals, Santa Rubīna, Santa Prauliņa, Vita Berlaua, Zanda Frišfelde
We advised Inter IKEA Group on its acquisition of the IKEA retail business in the Baltics. The purchase included three full-size IKEA stores, five additional smaller customer meeting points, the business’s e-commerce platform, and the Digital Retail Development company. Currently, the IKEA retail operations in the Baltics employ 1,450 co-workers, and 6.6 million people visited IKEA stores […]
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We are acting as collateral agent in an issue of public secured bonds worth EUR 10 million by Longo Group, the largest used car retailer in the Baltic region. Our assistance Our assistance involved reviewing the base prospectus from the collateral agent’s perspective, drafting the Latvian and Lithuanian law governed collateral and collateral agent agreement, as […]
