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Nominees for Lithuania

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a. Euroapotheca Acquisition of Apoteksgruppen from Sweden

TGS Baltic and Sweden's Hammarskiold & Co law firm advised UAB Euroapotheca, a Baltic and CEE pharmacy retail and wholesale group, on its purchase of Swedish pharmacy chain Apoteksgruppen from the Kingdom of Sweden and over 100 private entrepreneurs. The sellers were advised by the Lindahl and Cederquist law firms. The value of the transaction was over EUR 171 million.

Deal parties (advisors)

  • Buyer: UAB Euroapotheca (TGS Baltic; Hammarskiold & Co)
  • Seller: The Kingdom of Sweden and > 100 private entrepreneurs (Lindahl; Cederquist)


b. IRI Investments (IKEA) Acquisition of UAB Pamario Jegaine Energija

Ellex Valiunas represented the Netherlands' Stichting AE Fund Management and Lithuania's Orion Alternative Energy Fund in the transfer of 100% of shares in UAB Pamario Jegainiu Energija to an investment SPV of IKEA. This was the Swedish furniture giant’s first investment into Lithuania’s renewables sector.

Deal parties (advisors)

  • Sellers: Stichting AE Fund Management and Orion Alternative Energy Fund (Ellex Valiunas)
  • Buyer: UAB IRI Investments Lietuva (Glimstedt)


c. Providence Equity Partners’ Acquisition of Baltic Subsidiaries of Modern Times Group

Sorainen and global counsel Mannheimer Swartling advised Providence Equity Partners on the acquisition of the Baltic businesses of Sweden's Modern Times Group. Cobalt, Fort Legal, Skopina & Azanda, and Sweden's Hamilton law firm advised the Modern Times Group on the deal. The total disclosed value of the acquisition in all three Baltic States is EUR 115 million.

Deal parties (advisors)

  • Seller: Modern Times Group (Cobalt; Fort Legal; Hamilton Law Firm; Skopina & Azanda)
  • Buyer: Providence Equity Partners (Sorainen; Mannheimer Swartling)