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INVL Baltic Sea Growth Fund completes the acquisition of Nemunas and Eglės Sanatorija
We assisted the INVL Baltic Sea Growth Fund in completing the acquisition of Nemunas, one of the most modern treatment centres in Birštonas; and Eglės Sanatorija – one of the largest spa and treatment centres in the Baltics. The transactions were closed following regulatory approval from the Lithuanian Competition Council. Nerijus Drobavičius, a partner at […]
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Invalda INVL and Šiaulių bankas have agreed to merge their retail businesses
We assisted Invalda INVL, the leading investment management and life insurance group in the Baltic region, in signing an agreement with Šiaulių bankas, the largest bank with Lithuanian capital, to merge their retail businesses. The equity value of the deal value – EUR 40.2 million. After the closing of the transaction, the Šiaulių Bankas group, […]
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UAB Mezon wins court case against Telia Lietuva
Yesterday, the Supreme Administrative Court of Lithuania ruled in favour of our client UAB Mezon in a dispute over the transfer of frequencies together with the acquired Mezon business. In 2020, after Bitė Grup company UAB Mezon acquired the business operating under Mezon brand from LRTC (deal value – EUR 30 million), Telia appealed against […]
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A successful annulment of the fines imposed on clubs of the Lithuanian Basketball League
We successfully represented basketball club Žalgiris in a case against the Lithuanian Competition Council before Vilnius Regional Administrative Court. The Competition Council fined the Lithuanian Basketball League and 10 of its clubs for an alleged anti-competitive agreement according to which they allegedly decided not to pay salaries or other compensation to their basketball players for […]
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INVL Baltic Sea Growth Fund aims to acquire Nemunas and Eglės Sanatorija
We assisted the INVL Baltic Sea Growth Fund in signing an agreement to acquire Nemunas, one of the most modern treatment centres in Birštonas, and Eglės Sanatorija – one of the largest SPA and treatment centres in the Baltics. Eglės Sanatorija, founded in 1972, provides rehabilitation, rest and medical services in Druskininkai and Birštonas. In […]