Sorainen, working with lead counsel DLA Piper Sweden, has advised Storskogen on its acquisition of a majority stake in Scandia Steel.
Financial details of the transaction were not disclosed.
Scandia Steel is a supplier of steel pipe piles in foundation and foundation reinforcements. The company employs around 94 people and has reported a turnover of nearly EUR 40 million.
Sorainen’s Lithuanian team included Partners Algirdas Peksys and Asta Augutyte-Rapkeviciene, Counsels Evaldas Dudonis and Monika Malisauskaite-Vaupsiene, Senior Associate Indre Peledaite, Associates Juliana Pavilovska and Lukas Vaisvila, and Legal Assistant Lukrecija Urneviciute.
The firm did not reply to our request for more information.