We advised a German company Klett Lernen und Information, part of the Klett Group, on acquiring full control (100% shares) of Baltų lankų vadovėliai, one of the best-known brands in the Lithuanian textbook publishing market. The first investment of Klett and entering the Lithuanian market was made in April 2023 by acquiring 40% shares of Baltų lankų vadovėliai.
The Klett Group is Germany’s leading private educational and continued education services provider, with over 90 companies in 23 countries.
“Our vision for Baltų lankų vadovėliai (Baltos lankos Klett), now a full member of the Klett Group, is to emerge as the premier provider of high-quality educational materials and services in Lithuania, in line with the success attained by the Klett Group internationally. Being part of our group grants the Lithuanian publishing house unparalleled access to global educational resources, didactic expertise, and opportunities to engage in diverse international initiatives. These endeavours will significantly benefit schools, teachers, and students across the country in the coming years,” says Rok Kvaternik, the chief executive officer of the Klett Group for Central Eastern Europe and Baltics.
Baltų lankų vadovėliai, which publishes modern educational literature and textbooks, separated from the publishing house Baltos lankos in 2014.
Our services and team
We advised the client on transaction-related matters, including negotiating, signing transaction documents and closing the transaction. Our team was led by counsel Jonas Kiauleikis and included partner Laimonas Skibarka and associate Barbora Bernatonytė .
