Lawyers from Deloitte Legal's Lithuanian and Estonian offices have advised Lonas UAB, a manufacturer of mattresses and beds, on its acquisition of Estonia's Dreamland Home OU, a retailer and wholesaler of bedroom products, from ITIS Holding OU. Kaevando & Partnerid advised the sellers on the deal.
According to Deloitte Legal, "this transaction enables Lonas UAB to enter Estonian market through acquisition of a competitor. It is a first cross-border acquisition completed by Lonas UAB."
Deloitte Legal's team included Lithuanian Partner Tomas Davidonis and Managing Associate Tomas Mieliauskas and Estonian Partner Marko Pikani.
The Kaevando & Partnerid team included Partners Madis Saar and Marko Kaevando.
