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We advised Giraitės ginkluotės gamykla, the largest military and civilian ammunition manufacturer in the Baltics, on entering into partnership with the German defence technology company Rheinmetall, the Lithuanian energy transmission and exchange group EPSO, and the state-owned company Valstybės investicinis kapitalas (State Investment Capital). A shareholders’ agreement was concluded to regulate the acquisition of shares […]
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We provided legal advice to Danish Sun Energy ApS, a Danish greenfield developer, on the sale of 100% of its capital shares in DSE Aizpute Solar to Latvenergo, Latvia’s leading energy company. This acquisition will enable Latvenergo to construct a 265-MWp (megawatts DC) solar power plant by the end of 2025. This project marks a […]
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Despite turbulent times in macroeconomic and geopolitical situations over the past few years, the Baltic M&A market has been reasonably active, especially in Lithuania, according to the recent “Baltic Private M&A Deal Points Study 2024”. The study analysed 179 private M&A transactions with a deal value of over EUR 1 million completed in the Baltics […]
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We represented IK Partners in the sale of Carspect Group to TÜV SÜD. The financial terms of the transaction have not been disclosed. Headquartered in Bromma, Sweden, Carspect Group is a leading provider of vehicle inspection services in Sweden, Estonia and Latvia. It carries out a range of vehicle services, including control, follow-up and registration […]
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We advised the Swedish IT company Insuro Technologies on acquiring the Estonian software company Avalanche Laboratory. Rain Kirjanen, the sole owner of Avalanche, will continue as its CEO and a minority shareholder in Insuro Group. By joining forces, both companies can leverage each other’s strengths to grow and create additional sales opportunities. Exciting possibilities for […]