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Magnusson and CEE Attorneys Advise on Sale of Ortopedijos Technika Shares

Magnusson and CEE Attorneys Advise on Sale of Ortopedijos Technika Shares

Lithuania
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Magnusson has advised Ortofina on its acquisition of the shares of a majority shareholder in Ortopedijos Technika, an orthopedic products manufacturer in the Baltic States. The Vilnius office of CEE Attorneys advised the selling shareholder.

The agreement to sell shares to Ortofina, company’s second major shareholder, was signed last year, and the deal was finalized in May 2018 after Lithuanian Competition Council approval. The transaction is valued around EUR 10 million.

Ortopedijos Technika is a manufacturer of orthopedic products in the Baltic States headquartered in Lithuania. The company exports its products to Netherlands, United Kingdom, Germany, Scandinavian countries, United Arab Emirates, and other markets.

The Magnusson team included Associates Kestutis Baranauskas and Lukas Stankevicius. 

The CEE Attorneys team was led by Managing Partner Daina Senapediene.

 

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COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

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