Sorainen is advising Providence Equity Partners on the acquisition of Swedish media holdings Modern Times Group (MTG) business in the Baltics. The total disclosed value of the acquisition in all three Baltic States is EUR 115 million. Providence Equity Partners is a premier global asset management firm with USD 50 billion in assets under management […]
Sorainen advised Danish Agro group company DAVA Agravis Machinery Holding on its acquisition of 45% of the share capital in Konekesko Lietuva from Finnish company Konekesko. DAVA Agravis Machinery Holding also acquired a minority interest in Konekesko subsidiaries in Latvia and Estonia. The total disclosed value of the transaction in all three Baltic States is […]
AMC Theatres (AMC Entertainment Holdings) (‘AMC’) has entered into a definitive agreement to acquire the largest theatre exhibitor in seven countries in the affluent northern region of Europe, Nordic Cinema Group Holding (‘Nordic’). Nordic operates 68 theatres and has a substantial minority interest (approximately a 50% ownership) in another 50 associated theatres to which Nordic […]
Wihuri, a Finnish company operating in technical trading, sold its Estonian, Latvian and Lithuanian subsidiaries to Avesco. The transaction was complicated due to the fact that it involved resolving a series of technical pre-closing arrangements and simultaneous closing in three jurisdictions. The Sorainen pan-Baltic team led by partner Pekka Puolakka also included, among others, senior […]
Sorainen is advising Betsson on the acquisition of gaming operator Lošimų strateginė grupė, trading as TonyBet in Lithuania. Betsson is acquiring Lošimų strateginė grupė through wholly owned subsidiaries and deal closing is expected to take place within a month. The initial acquisition consideration is EUR 4.0 million. TonyBet is the second largest licensed online operator […]
