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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 […]
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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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Joint venture established by Roland DG and VEIKA starts its operations
We advised the world’s leading provider of digital printing solutions Japan-based Roland DG, in establishing a joint venture DG Dimense with the Lithuanian company Veika. Veika is a manufacturer and vendor of wallpaper and digital printing-related products. The joint capital company of Lithuania and Japan will continue to develop DIMENSE™ wide-format digital printing technology, which is […]
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Nord Security attracts USD 100 million investment
We advised the US private equity company Warburg Pincus to invest in the world-leading Lithuanian cyber security company Nord Security. In this investment round, Nord Security attracted USD 100 million and reached a value of USD 3 billion. Warburg Pincus is a new investor in the company. Existing investors Novator Ventures and Burda Principal Investments […]
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Roland DG and VEIKA to create a new joint venture
We advised the world’s leading provider of digital printing solutions Japan-based Roland DG, in signing an agreement to establish a new joint venture company with a Lithuanian company Veika. Veika is a manufacturer and vendor of wallpaper and digital printing-related products. This collaboration is unique because it marks a rare investment from Japan in Lithuania, […]