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Sorainen and DLA Piper Advise on Storskogen’s Acquisition of Majority of Shares in Scandia Steel

Sorainen and DLA Piper Advise on Storskogen’s Acquisition of Majority of Shares in Scandia Steel

Lithuania
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Sorainen, working with lead counsel DLA Piper Sweden, has advised Storskogen on its acquisition of a majority stake in Scandia Steel.

Financial details of the transaction were not disclosed.

Scandia Steel is a supplier of steel pipe piles in foundation and foundation reinforcements. The company employs around 94 people and has reported a turnover of nearly EUR 40 million.

Sorainen’s Lithuanian team included Partners Algirdas Peksys and Asta Augutyte-Rapkeviciene, Counsels Evaldas Dudonis and Monika Malisauskaite-Vaupsiene, Senior Associate Indre Peledaite, Associates Juliana Pavilovska and Lukas Vaisvila, and Legal Assistant Lukrecija Urneviciute.

The firm did not reply to our request for more information.

DLA Piper at a Glance

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, helping clients with their legal needs around the world. We strive to be the leading global full-service law firm by delivering quality and value to our clients. With practical and innovative legal solutions, we help our clients succeed.

In Central and Eastern Europe (CEE), DLA Piper continues to grow and now employs more than 320 lawyers, including 46 partners across its six offices in Austria, the Czech Republic, Hungary, Poland, Romania and Slovakia. With our global set-up and established relationship firms across all other CEE jurisdictions, we are among the largest and most experienced international law firms in the region. Through our experience gained advising on a variety of high-profile projects and the long-term relationships we have established with our clients, we have built a reputation as a leading business law firm across CEE.

Firm's website.