Primus Derling in Lithuania has advised JNG Investments Estonia on the acquisition by its VIA 3L subsidiary — a third-party logistics service provider in Estonia and Latvia — of fellow third party logistics company Terminal LT from GIRTEKA. The sellers were advised by the Marger Law Firm.
JNG Investments is a holding company for the JUNGENT Group in Estonia, and according to Primus Derling it "is a professional partner for more than 60 outstanding international and national suppliers and producers." According to the firm, its purchase of Terminal LT was executed by means of a closed tender from Lithuania's GIRTEKA, which the firm describes as "the biggest transport and logistics services provider in the region and one of the biggest in Europe."
The transaction is expected to close in January 2020.
The Primus Derling team was led by Partner Giedre Dailidenaite and included Partners Ernesta Ziogiene, Tomas Venckus, and Robert Juodka, Senior Associates Vilma Rakleviciene, Greta Bagdanaviciute, Petras Pinevicius, Sarune Prankonyte-Segen, and Jaroslav Pavlovskij, Associates Aneta Ladys, Ingrida Maciute, and Karolis Diska, and Junior Associate Gerda Gapsyte.
The Marger team was led by Partner Ramunas Kontrauskas and included Attorney Julius Petrulionis and Assistant Kazimieras Vasiliauskas.