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Sorainen advised travel planning tools provider KAYAK on acquisition of a business unit comprising employees and office equipment from software development company NFQ Technologies in Lithuania. The business unit comprises approx 40 engineers, who have worked as technology partners for KAYAK for several years. Upon completion of the transaction, the engineers will be employed by […]
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Sorainen assisted Vienna Insurance Group AG Wiener Versicherung Gruppe in obtaining Lithuanian Competition Council approval to acquire 100% of Seesam Insurance shares from Finnish financial services company OP Financial Group. Estonian insurance company Seesam Insurance operates in all three Baltic Countries. Its offices in Lithuania, Latvia and Estonia employ 335 staff. Vienna Insurance Group is […]
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Deals & Cases / Sergej Butov, Laura Matuizaitė-Mikštė
Sorainen assisted FREOR LT and its majority shareholder Rytis Bernatonis in the acquisition of a block of shares in FREOR LT by Baltics-based private equity fund Livonia Partners, which will acquire the shares from Central European private equity fund Mezzanine Management. FREOR LT is the only manufacturer of commercial refrigeration equipment in the Baltic States. […]
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Sorainen advised Audimas and its major shareholders on selling 60% of the company’s shares to investment management company LitCapital Asset Management (LitCapital). LitCapital will manage 92% of the company’s shares jointly with Rimvydas Povilaitis, Arvydas Povilaitis and Ona Balžekienė according to the shareholders’ agreement. Audimas, the largest manufacturer of active leisure and sports clothing in […]
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The world’s largest inland port, Duisburger Hafen, located in Duisburg, Germany, became a shareholder in the Industrial Park Development Company (the management company of the China-Belarus Great Stone Industrial Park). Sorainen Belarus provided full scope legal support to Duisburger Hafen in connection with the acquisition. Our assistance included representing the client in negotiations with the […]
