Sorainen has advised Livonia Partners and their joint venture with the target’s management on the acquisition of Stebby.
Livonia Partners is a Baltic private equity fund managing assets of around EUR 230 million. According to Sorainen, Stebby is the largest wellness service marketplace in the Baltics, with more than 1,500 companies, 150,000 users, and over 2,000 wellness partners.
According to Stebby CEO Kestutis Mackelis, the new ownership structure will allow Stebby to strengthen its position in the Baltics market. It will also provide resources for further product and geographic expansion.
Sorainen’s team included Partner Toomas Prangli and Senior Associate Robin Teever.
Sorainen did not reply to our inquiry on the matter.