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Sorainen and TGS Baltic Advise on Founders' Acquisition of 44% of of NNL LT from Litcapital

Sorainen and TGS Baltic Advise on Founders' Acquisition of 44% of of NNL LT from Litcapital

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Sorainen has advised Danielius Merkinas and Ceslovas Kazlauskas, the founders of NNL LT, on the acquisition of a 44% stake in NNL LT from Litcapital through an acquisition vehicle. TGS Baltic advised Litcapital.

According to Sorainen, "NNL LT is a logistics service provider focused on temperature-controlled goods, operating in Lithuania and Latvia. Consolidated revenue of the business exceeded EUR 20 million in 2019."

Sorainen's team consisted of Partners Algirdas Peksys, Mantas Petkevicius, and Saule Dagilyte, Senior Associate Rasa Mikutiene, and Associates Laura Matuizaite and Jurgita Tekoriene.

TGS Baltic's team consisted of Partner Aurimas Pauliukevicius.

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