Sorainen advised SBA, one of the largest business groups in Lithuania, on investing in startup Millo Appliances, creator of a smart blender. This was the group’s first investment in the startup sector. Along with SBA, Co-investment Fund II also invested in Millo Appliances. The fund was established by Investicijø ir Verslo Garantijos (Investment and Business […]
Deals & Cases / Sergej Butov, Ieva Krivickaitė, Augustė Bučytė
Sorainen advised Esco Micro, part of the Esco Group, on acquisition of AT Medical – a Lithuania-based manufacturer and developer of innovative in vitro fertilization medical devices. Its products are currently distributed by Esco under the Esco Medical brand. The transaction is expected to close in June 2018. Under the terms of the agreement, Esco […]
Sorainen advised NEPI Rockcastle on its acquisition of 100% of the shares in Ozantis, which owns the Ozas shopping and entertainment centre in Vilnius, from a company in the Hamburg-based ECE group. With an aggregate purchase price of EUR 124.6 million, this is one of the largest single property real estate investments in the Baltic […]
Sorainen advised Estonian e-cigarette seller Nicorex Baltic, which together with retailer Veipland acquired competitor Elgery Group. As a result of the transaction, 10 SKYsmoke shops merged with 11 Veipland shops into a joint Veipland retail chain. Transition to the new brand and unification of client service standards will take place soon. Remarked Piret Lappert, senior […]
Deals & Cases
Sorainen Estonia advised Hobbiton, the Estonian handicraft log home producer, on its merger with another Estonian log house producer, Saulerman. The merger agreement was signed last week. The company will continue operating under the Hobbiton name. With 52 employees on the payroll, the company is a substantial employer in the local community in Southern Estonia. […]
