Sorainen advised Lords LB Special Fund V, managed by investment management company Lords LB Asset Management, on signing an agreement with InterContinental Hotels Group (IHG) on management of the Holiday Inn hotel in Riga. Lords LB Special Fund V acquired the Preses Nams building, where the hotel will be located, and the land under the […]
Sorainen is advising real estate management and development company MG Valda on the sale of the Park Town office complex in Vilnius. MG Valda has successfully closed the sale of the first building (West Hill) of Park Town and agreed on sale of the second building (East Hill). Transaction value is undisclosed. Construction of the […]
Deals & Cases / Viktoryia Mikhnevich, Maksim Salahub
Sorainen Belarus advised Baltic Beverages Holding (BBH), a member of the Carlsberg Group, on an increase of its stake in Brewing company Alivaria, Belarus’ oldest existing brewer. In the result of the transaction, BBH acquired an additional 10.5% of voting shares in Alivaria from the European Bank for Reconstruction and Development. Earlier, Sorainen Belarus advised […]
The Sorainen cross-border team advised Nordea and DNB as Lenders on changes to the funding to Luminor Group in relation to the sale of 60% shares of Luminor Group to a consortium led by private equity funds managed by Blackstone. According to the Nordea press release, “in addition to the upfront sale and forward sale […]
Sorainen is advising PPI Group on acquiring a site in Vilnius old town to develop residential buildings with commercial premises. Planned investment is approx EUR 20 million. PPI Group general manager Dominykas Jasilionis says that for the company this is by far the biggest residential project in the Lithuanian capital’s old town. Currently the company […]
