On April 13, 2021, CEE Legal Matters reported that the Vilnius office of Walless had advised the founders of the Alwark Group on the sale of 66% of their shares in the company to the KJK Fund III. CEE In-House Matters spoke with Gediminas Simkus, Member of the Board of the Alwark Group, to learn more about the sale.

CMS' Malgorzata Surdek-Janicka has been appointed as Vice-President of the International Court of Arbitration at the International Chamber of Commerce in Paris. Aside from Surdek-Janicka, 33 lawyers from CEE were appointed as members and alternate members of the court.

TGS Baltic has advised Greituolis on the sale of 67% of the shares of its online grocery retail platform LastMile to Iki. Walless advised the buyer on the deal.

Havel & Partners and Sorainen have advised PriceHubble on its acquisition of Realtify. Sparring advised Realtify on the transaction.

TGS Baltic has advised Konstantinas Karosas, Western Petroleum Limited, and UAB MB Valdymas on obtaining approval from the European Central Bank for the acquisition of the qualifying shareholding and voting rights in UAB Medicinos Bankas.

Cobalt has advised the BaltCap Infrastructure Fund on the sale of its Energia Verde to Gren.

Motieka & Audzevicius has helped the Pharnasanta Group obtain competition clearance for the acquisition of the Vilniaus Metrologijos Centras metrology company.

Sorainen has advised real estate management company Agathum on a non-public three-year bond issuance, with a nominal value of EUR 1.5 million.

Ellex and Simpson Thacher & Bartlett have advised the Baltic Classifieds Group on its IPO and listing on the London Stock Exchange. Clifford Chance advised sponsor and global coordinator and joint bookrunner BofA Securities and joint bookrunner BNP Paribas.

Walless has advised UAB Fintegry on obtaining a payment institution license from the Bank of Lithuania, authorizing the company to provide account information services.

Motieka & Audzevicius has advised AB Linas Agro Group on competition clearance in Lithuania for its acquisition of the AB Kauno Grudai group of companies.

Cobalt has advised Lithuanian ME Investicija on its investment in US logistics start-up Project44. Wilson Sonsini Goodrich & Rosati advised the start-up.

Dentons has advised PKO Bank Polski, ING Bank Slaski, Santander Bank Polska, and BNP Paribas Bank Polska, on their EUR 265 million refinancing of Press Glass / AMG Group’s debt, as well as financing of the group’s further investments. Porobija & Porobija acted as Croatian counsel to the banks. Domanski Zakrzewski Palinka advised the borrower on the deal. TGS Baltic in Lithuania and Williams Mullen in the US reportedly also advised the lenders.

The global pandemic has impacted all markets, with subsequent ramifications for M&A. Investors are now seeking greater protection against general lock-downs and supply-chain disruptions, while governments aim to protect critical supplies and services by imposing new regulations on foreign investment in crucial or strategic industries. ​If you are considering investment opportunities in Lithuania, take a look at this overview to get insight into the regulations on foreign investment in strategic industries.

SPC Legal has advised Kaunas FEZ Management Company on an investment from Eika Asset Management. Fort advised Eika on the deal.

Sorainen has advised Baltic media company Ekspress Grupp on the sale of Printall to Trukitung.

Sorainen has advised the owners and co-founders of castable sonar company Deeper, as well as financial investor Gemini Grupe, on their sale to Resource Partners. Cobalt advised Resource Partners on the transaction.

SPC Legal has advised Lithuanian photovoltaics software company PVcase on its 730 square meter office space lease in the Boksto Skveras complex from Baltisches Haus.