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Sorainen Advises BaltCap on Kelprojektas Sale to Tyrens

Sorainen Advises BaltCap on Kelprojektas Sale to Tyrens

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Sorainen has advised BaltCap on the sale of Kelprojektas to Swedish technical consultancy firm Tyrens. Eversheds Sutherland advised Tyrens on the acquisition.

Kelprojektas is a Lithuanian infrastructure consultancy active in the fields of design, water, geotechnics, and landscape architecture, among others. In Sweden, Kelprojektas operates through the company ICCON, which was also included in the acquisition, along with Lithuanian companies Urbanistika and Kelvista.

Kelprojektas’ operations will continue under the existing name and brand.

The Sorainen team was led by Partner Mantas Petkevicius and included Associates Vytautas Sabalys and Laura Matuizaite, as well as Legal Assistant Ieva Krivickaite.

Eversheds Sutherland did not reply to our inquiries about the deal.


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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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