Ellex Raidla has advised SG Capital Partners Fund I on the acquisition of a 90,000 square meter logistics complex near the Plavinieki and Dreilini districts in Riga by acquiring shares in SIA Beinits and SIA Balt Cargo Solutions from a group of private investors. The sellers were reportedly advised by Rasa, Esenvalds, and Radzins. Financial terms were not disclosed.
Ellex Klavins has advised Duke I S.a.r.l. on the acquisition of 83.14% of the share capital of AS Valmieras Stikla Skiedra from the company’s controlling shareholder group. In addition to the equity transaction, VSS debt was restructured with Duke I S.a r.l becoming the second-largest secured creditor in place of Danske Bank A/S. Eversheds Sutherland advised VSS and Cobalt advised both Danske Bank and AS SEB Banka on their participation in the restructuring process of VSS.
TGS Baltic has advised the shareholders of Mailigen SIA, including private equity fund FlyCap, on the sale of email marketing automation platform company Mailigen SIA to international customer relationship management systems company Pipedrive Ireland Limited. Glimstedt reportedly advised Pipedrive Ireland on the deal.
On January 14, 2021, CEE Legal Matters reported that the Riga office of Eversheds Sutherland had represented Euromin Holdings Limited before the Court of Justice of the European Union in a proceeding with the Financial and Capital Market Commission. CEEIHM spoke with Girts Apsitis, Member of the Management Board at AS Ventspils Nafta, to learn more about the matter.