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President of Lithuania Valdas Adamkus establishes endowment fund
The philanthropic activities of H.E. Valdas Adamkus, former President of the Republic of Lithuania, and his late wife Alma Adamkienė will be continued by the established endowment fund. Alma and Valdas Adamkus Charity and Support Fund with restricted capital will support the Valdas Adamkus Presidential Library-Museum in Kaunas as well as gifted students in schools […]
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Insuro Technologies expands into the Baltics by acquiring Avalanche Laboratory
We advised the Swedish IT company Insuro Technologies on acquiring the Estonian software company Avalanche Laboratory. Rain Kirjanen, the sole owner of Avalanche, will continue as its CEO and a minority shareholder in Insuro Group. By joining forces, both companies can leverage each other’s strengths to grow and create additional sales opportunities. Exciting possibilities for […]
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Gjensidige sells its business in the Baltics
We advised the Norwegian non-life insurance company Gjensidige Forsikring on signing a sale agreement for its business in the Baltics with Ergo International, the company that manages Ergo’s international business portfolio. Deal value – EUR 80 million. The transaction will be completed upon receiving approvals from the authorities, including the Lithuanian, Latvian and Estonian competition […]
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CV Keskus acquires the job board cv.lt
We advised the company CV Keskus in acquiring the job board cv.lt, owned by UAB Verslo žinios. Verslo žinios established the high-standard job platform cv.lt in 1999. With this acquisition, CV Keskus, belonging to the Swiss media group Ringier and operator of leading job marketplaces in the Baltic countries, expands its portfolio of job platforms, […]
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Klett Group company acquires textbook publishing house Baltų lankų vadovėliai
We advised a German company Klett Lernen und Information, part of the Klett Group, on acquiring full control (100% shares) of Baltų lankų vadovėliai, one of the best-known brands in the Lithuanian textbook publishing market. The first investment of Klett and entering the Lithuanian market was made in April 2023 by acquiring 40% shares of […]