Sorainen has advised Northern Horizon Capital on a secondary public offering that raised EUR 7.2 million and listing of new units of the Baltic Horizon Fund on Nasdaq Tallinn and Nasdaq Stockholm stock exchanges.
Baltic Horizon Fund is a real estate fund with a focus on commercial properties in the capitals of the Baltic States. It is managed by the licensed alternative investment fund manager Northern Horizon Capital. According to Sorainen, “the transaction involved offering units to retail and professional investors in Estonia and Lithuania as well as to professional investors in certain other European countries under the AIFM Directive regime. This was the first time that units of the Baltic Horizon Fund were offered publicly to retail investors in Lithuania.”
Sorainen’s team included Partner Paul Kunnap, Senior Associate Katlin Krisak, and Associate Oliver Amarik.