-
Invalda INVL and Šiaulių bankas have agreed to merge their retail businesses
We assisted Invalda INVL, the leading investment management and life insurance group in the Baltic region, in signing an agreement with Šiaulių bankas, the largest bank with Lithuanian capital, to merge their retail businesses. The equity value of the deal value – EUR 40.2 million. After the closing of the transaction, the Šiaulių Bankas group, […]
-
WTS Global report: tackling plastics pollution and waste
Our team of taxation experts once again contributed to a WTS Global report, this time focused on plastic pollution and how it is being tackled at the global, regional, and national levels. Global decision In March 2022, 175 member states of the United Nations (UN) endorsed a resolution at the fifth session of the UN […]
-
Fund managed by Lords LB Asset Management acquires Holiday Inn hotel in Vilnius
We advised Lords LB Baltic Green Fund (V) on acquiring 100% of Valmeda’s shares. Valmeda owns Holiday Inn hotel, which has an area of more than 7,000 m² on Šeimyniškių Street in Vilnius. Situated in a prestigious location in Vilnius Marius Junda, fund manager at Lords LB Baltic Green Fund (V), comments: “We are glad […]
-
Lithuanian startup PVcase attracts EUR 20 million investment
We advised venture capital firm Elephant VC on investing in Lithuanian startup PVcase, a developer of software for solar power plants. In the series A round the startup raised EUR 20 million. Venture capital funds Practica Capital and Contrarian Ventures, which had previously invested in the company, also participated in this round of funding. The […]
-
EIKA Development Fund acquires Visorių centras
We assisted EIKA Development Fund, a closed-end investment fund for well-informed investors, in acquiring 100% of the shares in Visorių centras – a real estate development and leasing company. The fund, which is managed by the investment management company Eika Asset Management, intends to develop apartment buildings on the acquired site on Visorių Street in […]