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Ellex and Triniti Advise on Quaero European Infrastructure Fund II's Acquisition of Digitalas Ekonomikas Attistibas Centrs

Ellex and Triniti Advise on Quaero European Infrastructure Fund II's Acquisition of Digitalas Ekonomikas Attistibas Centrs

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Ellex has advised Quaero European Infrastructure Fund II on the acquisition of 100% of the shares of Digitalas Ekonomikas Attistibas Centrs from Solo Investments SIA, Astondesmit Astoni SIA, Duo Investicijas SIA, and KFP SIA. Triniti advised the sellers on the transaction.

Financial details were not disclosed. 

According to Ellex, "QEIF II is a EUR 500 million-infrastructure fund managed by Quaero Capital, an independent asset management company. QEIF II invests across Europe in essential infrastructure projects in sectors such as energy & renewable, social infrastructure, telecom, utilities, and transport. As a new shareholder, QEIF II will consolidate DEAC business model, strengthen the company's financial resources, and accelerate its development in the coming years."

Digitalas Ekonomikas Attistibas Centrs is a carrier-neutral data center operator in CEE.

Ellex previously advised Quaero on its June 2020 acquisition of UAB Duomenu Logistikos Centras from the Ignitis Group and Litgrid (as reported by CEE Legal Matters on June 15, 2020). 

The Ellex Valiunas team in Lithuania included Partner Paulius Gruodis, Senior Associate Mantas Juska, and Associates Arvydas Gruseckas and Augustinas Macionis, while the Ellex Klavins team in Latvia included Senior Partner Raimonds Slaidins and Senior Associate Reinis Sokolovs.

Triniti's team included Latvian Partner Ugis Treilons and Senior Associate Krista Punta.

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