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Cedo acquires the plastics recycler and producer Plasta Group
We assisted Cedo, a leader in sustainable FMCG private label solutions, in acquiring Plasta Group, one of the largest polyethylene recyclers and suppliers of sustainable plastic products in Europe. Plasta Group operates modern manufacturing plants in Lithuania and Sweden, employing more than 500 skilled professionals. Recycling over 45,000 tonnes of post-consumer waste plastic and producing […]
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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 […]