Eversheds Sutherland in Estonia has advised UP Invest on its EUR 65 million acquisition of Forum Cinemas from AMC. Sorainen advised AMC on the deal, which remains contingent on the approval of the Estonian, Latvian, and Lithuanian competition authorities.
Forum Cinemas is a pan-Baltic cinema operator that was formed after the merger of three former Finnkino subsidiaries from Estonia, Latvia, and Lithuania (as reported by CEE Legal Matters on October 30, 2019). AMC controlled Forum Cinemas through Finnkino, which it acquired in 2017.
Eversheds Sutherland's team consisted of Estonia Managing Partner Maivi Ots, Partner Risto Ruutel, Associate Taavi Koiv, and Lawyers Erika Tuvike and Kristi Joemets.
Sorainen’s team included Partners Toomas Prangli, Daivis Svirinas, Kaupo Lepasepp, and Ieva Andersone, Counsel Lauri Liivat, Senior Associates Monika Malisauskaite-Vaupsiene, Piibe Lehtsaar, Marika Grunte, Lise-Lotte Laane, Robin Teever, Viktorija Smirnova-Cerkasa, and Jonas Kiauleikis, Associates Lukas Vaisvila and Vladislav Leiri, and Of Counsel Isabella Barbara Aavik.
Editor's Note: After this article was published Eversheds Sutherland informed CEE Legal Matters that a Lithuanian team had also worked on the deal, including Partner Rimtis Puisys, Senior Associates Milda Jasaitiene, Aurelija Juodiene and Neringa Bubnaityte, and Associates Manvydas Borusas and Justina Dregvaite.