TGS Baltic has advised Sweden's Bethoc on its acquisition of Sport Revolution from JLSR and Xstunda. Sole practitioners Ilze Lejina and Reinis Sokolovs reportedly advised the sellers.
"As a result of the transaction, a natural person, the 100% shareholder of JLSR, one of the previous shareholders of Latvian company, continued with Bethoc by receiving a stake in Bethoc in exchange for [the JLSR-owned 50% stake in] Sport Revolution," TGS Baltic informed. "At the same time, a natural person, the 100% shareholder of Xstunda, the other previous shareholder of the Latvian company, exited by selling [the Xstunda-owned 50% stake in] Sport Revolution."
Bethoc is a Swedish hockey training aids seller. Sport Revolution is a Latvian ice hockey, floorball, and field hockey training aids seller.
The TGS Baltic team included Partner Andra Rubene, Senior Associate Anna Vaivade, and Associate Kaspars Treilibs.
