Privatisation

While privatisations can be seen as being typical M&A transactions, just with a very specific seller, as a rule they are much more complex, involving very different interest groups on the side of the state or municipality. Our extensive experience in the Baltics and Belarus allows us to see both sides of the story – whether it is buying a business from the state or municipality (via participating in public tenders) or initiating negotiations directly, or advising on privatising companies in a professional way and proper tender processes in order to get the best value for our clients. In cases where there are attempts to exert political influence, our clients highly appreciate our impartial and locally informed legal advice, our transparent operations and our experience in tackling complexities of this kind – which we do hand in hand with our Government Relations team.

We can help you with

  • Advice on privatisation procedures and possible process scenarios
  • Structuring privatisation transactions
  • Negotiations with privatisation agencies and governmental/municipal authorities
  • Assistance with preparing bid documentation
  • Legal and tax due diligence of enterprises or other assets under privatisation
  • Drafting and negotiating privatisation and investment agreements
  • Advice on post-privatisation business restructuring
  • Representation in privatisation-related disputes

Contact us

Experience

  • Buyer’s Legal Adviser

    Reaalprojekt

    Participating in a joint venture to privatise the land survey agency Latvijasmernieks.lv

  • Buyer’s Legal Adviser

    Dezinfa

    Acquisition via privatisation (public auction) of pest control and disinfection services company Kauno Profilaktinės Dezinfekcijos Stotis (Kaunas Prophylactic Disinfection Station)from Kaunas city municipality

  • Agency’s Legal Adviser

    Latvian Privatisation Agency

    Sale to the EBRD of a minority stake (25% plus 1 share) in Citadele banka, a new bank established to take over the "healthy" assets of Parex banka during its restructuring

  • Buyer’s Legal Adviser

    Inspecta

    Privatisation of Tehnokontrollikeskus, an Estonian state-owned company providing mainly technical inspection and conformity assessment services

  • Buyer’s Legal Adviser

    Ingman

    Privatisation of the largest ice cream factory in Gomel, Belarus

  • Agency’s Legal Adviser

    Latvian Privatisation Agency

    Privatisation of Preses nams, the largest printing house in the Baltic States

  • Buyer’s Legal Adviser

    Kotka Energia

    Bidding for and acquisition of Anne Soojus and Tartu Jõujaam, municipal heat supply companies in Tartu, Estonia

  • Buyer’s Legal Adviser

    Duisburger Hafen

    Advising the world’s largest inland port in connection with acquisition of state-owned shares in the development company of the China-Belarus Industrial Park Great Stone