Sorainen’s Lithuanian office has advised the INVL Sustainable Timberland and Farmland Fund II on its EUR 13.6 million acquisition of seven companies from the Linas Agro Group.
According to the fund, “the newly acquired companies indirectly own 2,000 hectares of agricultural land located in central Lithuania, which the Linas Agro Group will now lease under a 25-year agreement.”
According to Sorainen, “the fund acquired 100% of the shares of the Latvian Zemvalda land management holdings group from Linas Agro Konsultacijos. The latter is controlled by the Linas Agro Group.“
INVL STAFF II was founded in 2020 and is administered by the Apex Group. The fund invests in sustainably managed forests and agricultural land in the Baltic Sea region and Central and Eastern Europe. It is intended for institutional and private investors from EU countries.
Sorainen’s team consisted of Partner Mantas Petkevicius and Senior Associates Karolis Kunigelis and Inga Macijauskaite.
Sorainen did not reply to an inquiry about the deal.