-
A special audit identified deficiencies in the previous management of Eesti Energia AS
We conducted a special audit of Eesti Energia and its subsidiaries, commissioned by the Ministry of Finance. Four areas were analysed, and 37 observations were made. “We monitored the implementation of actions agreed upon in internal audits. To do this, we analysed documents, as well as explanations provided to us separately, and information obtained during […]
-
The Alma and Valdas Adamkus endowment fund has been established
We advised H.E. Valdas Adamkus, former President of the Republic of Lithuania, and his team on establishing an endowment fund. The Alma and Valdas Adamkus Charity and Support Foundation will support the public institution The Valdas Adamkus Presidential Library-Museum and its related projects with income from investments and other funding sources. The foundation also aims […]
-
InMedica Group acquires a rehabilitation clinic in Druskininkai
We advised the shareholders of Druskininkai Pušynas clinic on the sale of 100% of their shares to InMedica Group, the largest private medical services group in Lithuania. Druskininkai Pušynas clinic provides a wide range of healthcare services and employs a team of 34 doctors and rehabilitation specialists. The clinic specializes in dermatology, cardiology, gynecology, neurology, […]
-
Citycon divests Kristiine Keskus shopping centre
We advised Citycon on signing a binding agreement to divest Kristiine keskus in Tallinn, Estonia. The transaction is significant on Estonian market both for its value (being around 129 million euros) as well as for the reason that the center was acquired entirely with Estonian capital. Focus on the Nordic real estate market This divestment […]
-
One of the largest fintech deals of the year in Lithuania – Nuvei sells part of their shares to Advent International
We advised the global payment technology company Nuvei on selling part of their shares to Advent International. Nuvei will be delisting from a stock exchange in Canada and once the company goes private, the existing shareholders, Philip Fayer, Novacap and CDPQ, will indirectly hold approximately 24%, 18% and 12% of the shares, respectively. The value […]