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Ellex and Eversheds Sutherland Advise on Livonia Partners Sale of Santa Monica Networks to LMT

Ellex and Eversheds Sutherland Advise on Livonia Partners Sale of Santa Monica Networks to LMT

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Ellex Klavins and Ellex Valiunas have advised Livonia Partners on the sale of 100% of the shares in Santa Monica Networks to LMT in Latvia and Lithuania, respectively. Eversheds Sutherland advised the buyer.

Financial details of the transaction were not disclosed.

According to Ellex, the deal will facilitate 5G network implementation for both companies.

Livonia Partners is a Baltic private equity firm with EUR 83 million in assets under management. Santa Monica Networks is a provider of data transmission and IT security services for telecommunications, IT, and media companies, as well as public sector and financial institutions in Latvia and Lithuania. LMT is a Latvian mobile operator, founded in Riga in 1992.

The Ellex Klavins team included Managing Partner Liga Merwin, Associate Partner Sarmis Spilbergs, and Tax Consultant Zinta Jansons; Ellex Valiunas’s team consisted of Partner Robertas Ciocys and Expert Simona Jaunciauskaite.

The Eversheds Sutherland team included Senior Partner Maris Vainovskis, Of Counsel Vadim Chaban, Senior Associates Aigars Gozitis and Gunta Lokastova, Associate Dmitrijs Nemirovskis, and Lawyer Liene Lelde Rieba.

Eversheds Sutherland at a Glance

Eversheds Sutherland with offices in Bratislava and Prague and as part of an international network, provides comprehensive legal advice also in foreign jurisdictions.

Our team consists of a total of more than 40 lawyers in the Czech Republic and Slovakia, most of whom have previously worked at major international and local law firms and have extensive experience in particular in the areas of corporate law, including mergers and acquisitions, capital markets, real estate, employment law, competition law, litigation and arbitration, energy, infrastructure, as well as environmental and ESG law.

Our advisory services are offered in Slovak, German, Czech and English language. Members of our team include attorneys registered with the Austrian Bar Association. On this basis, and because we are part of Eversheds Sutherland, we are also able to offer extensive legal support on various foreign legal issues.

We listen to our clients, we understand their business and we also understand what they need. So we can always find the best solution for the particular situation. We work quickly, efficiently and take responsibility for our work.

Firm's website.