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Raidla Lejins & Norcous and Stepanovski Papakul & Partners in Belarus Consortium

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A consortium consisting of the Baltic Raidla Lejins & Norcous (RLN) and the Belarus Stepanovski, Papakul and Partners (SPP) law firms, along with KPMG offices in Hungary and Belarus, was selected to attract and generate investment to several Belarus state owned enterprises.

The consortium was selected from over 30 applicants by the Ministry of Economy of the Republic of Belarus and the Belarus National Agency of Investment and Privatization. The contract authorizes and empowers the consortium to attract investment to the “Baranovichi Reinforced Concrete Products Plant”, “Belsantekhmontazh-2”,  “Construction and Mounting Trust No 8”, and “Avtomagistral” open joint-stock companies.

The consortium will conduct financial, operational, and legal due diligence of the SOEs and an independent stock assessment in accordance with Belarussian and international methodological standards. They will also conduct investment risk analysis, develop strategies for attracting investors, and implement a marketing campaign.

It is expected that the project will have identified and selected strategic investors by the end of 2014.

Irmantas Norkus, the Managing Partner of RLN's Lithuania Office, claimed that the project is part of the firm's “obligation to provide highest quality services to potential investors in Belarus.” The team leader of the consortium is Tamas Simonyi, the Head of KPMG CEE Financial Institutions, M&A Advisory, and Director of Corporate Finance Advisory at KPMG in Hungary.

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