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We advised real estate development company Darnu Group on the sale of the second building – East Hill – in the Park Town business centre. This is one of the largest commercial property sale transactions completed in the Baltics this year. The 15,000 m2 Class A office building was acquired by an investment company jointly […]
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We advised electronic money institution Verse Payments Lithuania on all issues related to its indirect acquisition by Square – an electronic payment and financial services company headquartered in San Francisco and listed on the New York Stock Exchange. Verse employees will join the Square team, who are developing the Cash App – a peer-to-peer payment app […]
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We advised cleaning service company Švaros broliai on developing a franchising model. So far this year the company has already concluded four transactions successfully transferring tunnel car wash businesses to new operators under a franchise agreement. Among the first Lithuanian companies to develop franchising model According to Ignas Pranskevičius, Executive Director of Švaros Broliai, the […]
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At the request of the Lithuanian Film Centre we conducted an economic analysis of the situation of Lithuanian cinema operators. It is predicted that due to the global COVID-19 pandemic and the quarantine the Lithuanian cinema industry will have lost around EUR 12 million in revenue. A reduced VAT rate would be an effective state […]
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We advised Danielius Merkinas and Česlovas Kazlauskas – the founders of domestic logistics service provider NNL LT – on acquiring a 44% stake in NNL LT from Litcapital through an acquisition vehicle. NNL LT is a leading logistics service provider focused on temperature-controlled goods, operating in Lithuania and Latvia. Consolidated revenue of the business exceeded […]
