Sorainen has advised Oxipit on a EUR 3.5 million investment from Taiwanese venture capital company Taiwania Capital. Walless advised Taiwania.
Despite Fears, War Did Not Tip the Scales of the M&A Market in 2022
As the year draws to a close, we traditionally check the results. Therefore, let's review the transaction market of 2022. If I had to choose, I would consider the birth of the second unicorn to be the most significant event in Lithuania. Globally, it must be the USD 44 billion deal between Elon Musk and Twitter, which has probably boosted popcorn sales worldwide.
Sorainen Advises Rgreen Invest on EUR 42 Million Funding for Green Genius
Sorainen has advised Rgreen Invest on providing EUR 42 million in funding to the Green Genius renewable energy company to build eight solar projects with a total capacity of 65.7 megawatts in Lithuania.
Adon Legal Advises Galio Group on EUR 15 Million Financing from SEB Banka
Adon Legal has advised Lithuanian real estate developer Galio Group on receiving financing from Latvia's SEB Banka to complete the development of the Riga-based Gustavs Business Center.
Cobalt Advises EECP on Sale of Retail Store Portfolio in Lithuania
Cobalt has advised Norwegian investment company EECP on its sale of a grocery-anchored retail store portfolio in Lithuania.
Saule Dagilyte Appointed Managing Partner at Sorainen in Lithuania
Saule Dagilyte has been appointed as the new Country Managing Partner of Sorainen's Lithuanian office on January 1, 2023. She takes over from Tomas Kontautas, who held the position since 2017.
Sorainen Advises Orion Leasing on Guarantee Agreement with EIF
Sorainen has advised Orion Leasing on signing a EUR 52.8 million guarantee agreement with the European Investment Fund under the InvestEU program for financing Lithuanian companies.
Closing: INVL Baltic Sea Growth Fund Acquisition of Nemunas and Egles Sanatorija Now Closed
On December 29, 2022, Sorainen announced that INVL Baltic Sea Growth Fund’s acquisition of Nemunas and Egles Sanatorija (reported by CEE Legal Matters on June 13, 2022) had closed.
Cobalt Advises Helmes on TeleSoftas Acquisition
Cobalt has advised Helmes on its acquisition of Lithuanian software developer TeleSoftas.
Sorainen and Motieka & Audzevicius Advise on Tewox's Acquisition of Shopping Centre in Klaipeda
Sorainen has advised Tewox on the acquisition of the Dragunai shopping center in Klaipeda from Zabolis Partners. Motieka & Audzevicius advised the sellers.
Competition Fines, M&A, FDI, Start-ups, ESG, and IP On the Up in Lithuania: A Buzz Interview with Vilija Viesunaite of Triniti
In Lithuania, M&A transactions are up, litigation procedures are down, and the Competition Council has been handing out hefty fines for cartel infringements, according to Triniti Jurex Managing Partner Vilija Viesunaite.
Sorainen and Roedl & Partner Advise on Ignitis Renewables Acquisition of Wind Farm Project in Lithuania
Sorainen has advised Ignitis Group subsidiary Ignitis Renewables on its acquisition of an onshore wind farm in the Plunge region, Lithuania. Roedl & Partner advised the developer's shareholders on the sale of the development company.
Cobalt and Ellex Advise on HKScan Sale of Baltic Business to Maag Grupp
Cobalt, working with DLA Piper, has advised the HKScan corporation on the sale of its Baltic subsidiaries to the Maag Grupp. Ellex advised the buyer.
Sorainen Advises Encavis on 69-Megawatt Wind Farm Acquisition in Lithuania
Sorainen has advised Encavis on its acquisition of a 69.3-megawatt onshore wind farm in Lithuania. Cobalt reportedly advised the sellers.
Sorainen Advises Rud Pedersen Group on Acquisition of Meta Advisory
Sorainen has advised PR and communications firm Rud Pedersen Group on its acquisition of the Meta Advisory Group.
Cobalt Successful for UAB Grifs Before Lithuanian Court of Appeal
Cobalt has successfully represented security services company UAB Grifs before a first-instance court and the Lithuanian Court of Appeal in a dispute regarding the company's alleged failure to properly perform its obligations toward a client.
Sorainen and TGS Baltic Advise on Siauliu Bankas EUR 85 Million Note Issuance
Sorainen has advised the Luminor Bank on Siauliu Bankas’ EUR 85 million issuance of restricted senior preferred notes. TGS Baltic advised Siauliu Bankas.
Sorainen and TGS Baltic Advise on Laba7's EUR 640,000 Investment Round
Sorainen has advised Laba7 on a EUR 640,000 investment from the Coinvest Capital fund in cooperation with 44 members of the Lithuanian Business Angel Network LitBAN community. TGS Baltic advised Coinvest Capital.