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Private Equity & Venture Capital

We help our clients across the Baltics and Belarus with everything from fund formation to fund investments and exits. Uniting two rather different directions – private equity and venture capital transactions (both investments and exits) and fund structuring (formation, negotiations of LPAs or fund rules, regulatory advice) – we approach these as a single business sector, and pride ourselves on our diverse experience and close cooperation. We actively participate in the fund formation stage and in working with regulatory matters related to funds, which gives us an in-depth understanding of the needs of private equity industry players. At the same time, we provide full-scope M&A advice and transaction support to private equity and venture capital industry players, as well as companies seeking investments from these industries.

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Contributing to developing the VC market

In the recent years we have established five venture-capital-orientated funds in Lithuania, contributing to the development of VC market there. We also support several startup accelerators in Estonia and Lithuania. Sorainen was also among the founders of the local private equity and venture capital associations EstVCA, LatVCA and LitVCA, and is on a mission to build a viable ecosystem for capital markets.

All-in-one advisors

To help clients succeed, we combine a number of the industry’s focus areas, bringing together teams of experts in various fields – from employment law to regulatory, from banking to IP, from public procurement to tax structuring – in order to be able to provide full-scope transaction support, both with the investment and divestment activities and the fund-structuring and formation stages. Seamless cooperation between all these different teams and the consolidation of international expertise is at the core of our work.

We can help you with

  • Tax and legal structuring of investment vehicles
  • Formation of investment vehicles, including licensing and fundraising
  • Day-to-day regulatory support
  • Structuring investments, including tax and legal matters
  • Full-scope M&A advice, including legal and tax due diligence, antitrust, negotiations at all stages with industry players and target companies
  • Exits
  • Acquisition financing and re-financing of portfolio companies
  • Mezzanine financing
  • Shareholders’ agreements
  • Share options and management incentives
  • Management of portfolio companies

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Experience

  • Buyer’s Legal Adviser

    Providence Equity Partners

    Separate acquisitions of Modern Times Group (MTG) Baltic current operations (now All Media Baltics) and Bitė, the second biggest mobile operator in Lithuania and Latvia

    EUR 115 million (MTG transaction)
  • Legal Adviser

    Taxify

    Investment round led by Daimler with Didi as returning investor, with valuation reaching USD 1 billion

    USD 175 million
  • Buyer’s Legal Adviser

    Novalpina

    Acquisition of shares in listed Estonian gaming group Olympic Entertainment Group

    EUR 288 million
  • Legal Adviser

    Baltcap

    Acquisition of leading Baltic property manager BPT Real Estate and sale of Kelprojektas, Lithuania’s largest infrastructure consultancy company

  • Legal Adviser

    Livonia Partners

    Separate acquisitions of Scoro, business management software provider, and Ha Serv (plus subsequent merger with Thermory) and Hortes

  • Buyer’s Legal Adviser

    Zubr Capital and EBRD

    Investment in Targetprocess, Belarusian product IT-company

  • Buyer’s Legal Adviser

    EBRD

    Investment in Eco Baltia, a major environment management group in the Baltics

    EUR 10 million
  • Legal Adviser

    Bridgepoint and AMC Theatres

    Advising Bridgepoint on the acquisition of Nordic Cinema Group and, subsequently, advising AMC Theatres on acquisition of Nordic Cinema Group from Bridgepoint