News
Last year, Estonian and Lithuanian GDP per capita stood at 74% of the 28-member EU average and Latvia’s at 64%. Godmanis said the Baltics would have to find “some very interesting and specific ways” to reach the average European level, or get through from 75% to 100%. “If we don’t catch up with the European […]
News
IFLR 1000, a guide to leading financial and corporate law firms and lawyers, recently published new rankings. According to the results, Sorainen Belarus maintains its position among the top tier firms in the Financial and Corporate rankings. Sorainen Belarus partners are recognized as leading lawyers and noted in the following practice areas: Alexey Anischenko – […]
Deals & Cases / Pekka Puolakka, Paul Künnap
Sorainen Estonia advised Estectus, an SEB group property portfolio management company, on the sale of the Scala City office building located in Tallinn city centre, to Colonna investors. The newly renovated office building with a total lettable area of over 5,000 m2 will be managed by Colonna. The seller’s advisors included Sorainen, Catella and Seven […]
Wihuri, a Finnish company operating in technical trading, sold its Estonian, Latvian and Lithuanian subsidiaries to Avesco. The transaction was complicated due to the fact that it involved resolving a series of technical pre-closing arrangements and simultaneous closing in three jurisdictions. The Sorainen pan-Baltic team led by partner Pekka Puolakka also included, among others, senior […]
Livonia Partners, the pan-Baltic private equity firm, has agreed to acquire Hortes, the leading retail brand for home and gardening products in Estonia. Livonia will support the company in realising its strong regional growth potential. “Retail is one of the strongest industries in Estonia, consistently outperforming GDP, and Hortes is one of Estonia’s most successful […]