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We are advising the world’s leading bicycle company, Pon.Bike, on the construction and opening of a new factory in Kėdainiai, Lithuania. The new factory will be able to scale up to an annual production capacity of 600,000 bikes and will be equipped to produce bikes for brands such as Gazelle, Kalkhoff, FOCUS and Urban Arrow. […]
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We advised global e-commerce search technology company Nosto on acquiring 100% of shares in Lithuanian e-commerce startup SearchNode. According to Nosto, the strategic acquisition of SearchNode’s award-winning search technology will allow its clients to implement site-wide personalisation, merchandising, segmentation and testing strategies natively to optimise the entire shopping journey. SearchNode has created a search engine […]
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We represented Invalda INVL asset management group in signing an agreement with the European Bank for Reconstruction and Development (EBRD) to acquire part of its current stake in Šiaulių Bankas. Tesonet technology group and ME Investicija, a holding company that owns Girteka Logistics, have also signed independent stake acquisition agreements with the EBRD. The agreements […]
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We advised INVL Baltic Forests Fund I, managed by INVL Asset Management, on the sale of its portfolio, which consisted of 1,300 ha of forests in Lithuania. Šiluona, the company that owned the fund’s entire forest portfolio, was acquired by the Swedish company Latvian Forest Company. Sustainable forestry management Launched in 2017, the INVL Baltic […]
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Our client Allianz SE, Europe’s largest insurer, completed the acquisition of life and non-life insurance operations, as well as the pension and asset management business, in Poland and Lithuania from Aviva Group (which includes its Lithuanian subsidiary Aviva Lithuania). The total value of the transaction is EUR 2.7 billion. Allianz’s largest deal globally in a […]
