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Deals & Cases
Sorainen Estonia advised Hobbiton, the Estonian handicraft log home producer, on its merger with another Estonian log house producer, Saulerman. The merger agreement was signed last week. The company will continue operating under the Hobbiton name. With 52 employees on the payroll, the company is a substantial employer in the local community in Southern Estonia. […]
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Sorainen advised Estonian e-cigarette seller Nicorex Baltic, which together with retailer Veipland acquired competitor Elgery Group. As a result of the transaction, 10 SKYsmoke shops merged with 11 Veipland shops into a joint Veipland retail chain. Transition to the new brand and unification of client service standards will take place soon. Remarked Piret Lappert, senior […]
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Sorainen successfully represented Mindaugas Marcinkevičius, a minority shareholder in VP grupė, against claimant Vilniaus prekyba, which was seeking an order for Mindaugas Marcinkevičius to pay approx EUR 81 million on account of his alleged action to stop the sale of Akropolis shopping centres several years ago. The Vilnius City District Court dismissed Vilniaus prekyba’s action. […]
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Sorainen advises Eurovia, a subsidiary of VINCI, on its acquisition of a 75% stake in leading Estonian infrastructure construction company TREV2 Grupp from BaltCap, a major dedicated private equity and venture capital investor in the Baltic States. The indicative closing date is planned at the end of June after all regulatory requirements and other closing conditions […]
