-
Largest investment in the Baltic startup ecosystem this year: Vinted secures a TPG-led EUR 340 million investment
We advised TPG, a US venture capital fund manager, on its investment in Vinted, Europe’s leading second-hand C2C marketplace focused on fashion. The TPG-led group of investors acquired EUR 340 million of shares, valuing Vinted at EUR 5 billion. This is the largest investment in the Baltic start-up ecosystem this year and the largest ever […]
-
Saferoad’s acquisition of GATAS will accelerate the development of the Lithuanian transport infrastructure sector
We advised a road safety supplier Saferoad on signing an agreement to acquire UAB GATAS. With this deal, Saferoad and GATAS will form a joint service business, strengthening road safety in Scandinavia, Lithuania, Poland, and the wider EEA area based on the combined know-how of both sides. Saferoad, headquartered in Oslo, Norway, operates in 13 […]
-
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 […]
-
Successful defence of Lithuanian Railways in EUR 700,000 damages dispute with Civinity Solutions
We successfully represented Lithuanian Railways against supplier Civinity Solutions (Civinity) in a dispute regarding compensation of EUR 700,000 damages. Civinity laid the groundwork for this dispute in 2022, when it won a case and proved that a competitor’s tender offer was unjustly selected as the winner. Since the contract with the competitor had already been […]
-
Livonia Partners invests in Digital Mind
We assisted Livonia, one of the largest private equity investors in the Baltic region, with an investment in Digital Mind, a business process digitalisation specialist for large and mid-sized organisations in the Baltic States. About the transaction The purpose of the transaction is to facilitate the acquisition of 100% of the shares in EIP Dynamics, […]