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Acquisition of six Airbus A220 aircraft by Reverence Capital and simultaneous leasing to airBaltic
We acted as transaction counsel in the acquisition of six Airbus A220 aircraft by a joint venture led by Reverence Capital Partners (hereinafter – “Reverence”) and their simultaneous leasing to airBaltic. Our involvement Our assistance included local law advice in relation to the sale of the aircraft and matters related to the leaseback arrangement, financing […]
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Lenders back landmark renewable energy project in Latvia
We acted as Latvian legal counsel to the lenders – NORD/LB Norddeutsche Landesbank, Nordic Investment Bank, and Luminor Bank – in the EUR 75 million financing of a 148-MWp photovoltaic (PV) plant in Latvia, developed by Stelo Orienta SIA. This project, supported by the European Union under the InvestEU Fund, is sponsored by European Energy […]
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Entrum offers a new type of investment in real estate
We provided legal assistance Entrum – a company that offers new investment opportunities in real estate in cooperation with the investment platform Mintos. About the project Entrum facilitates residential rental property sales and investments, simplifying transactions for property sellers and investors across Europe. Cooperation with Mintos allows investors to make passive investments, which is an […]
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Inter IKEA Group completes acquisition of the IKEA retail business in the Baltics
We advised Inter IKEA Group on its acquisition of the IKEA retail business in the Baltics. The purchase included three full-size IKEA stores, five additional smaller customer meeting points, the business’s e-commerce platform, and the Digital Retail Development company. Currently, the IKEA retail operations in the Baltics employ 1,450 co-workers, and 6.6 million people visited IKEA stores […]
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We are acting as collateral agent for Longo Group bonds
We are acting as collateral agent in an issue of public secured bonds worth EUR 10 million by Longo Group, the largest used car retailer in the Baltic region. Our assistance Our assistance involved reviewing the base prospectus from the collateral agent’s perspective, drafting the Latvian and Lithuanian law governed collateral and collateral agent agreement, as […]