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Ridango continues to transform public transit across the world
We are advising BaltCap and the other shareholders (including the management) of Ridango, an intelligent transportation software provider for public transit systems, in securing a majority strategic growth investment from Bregal Milestone, a leading European software growth private equity firm. This investment aims to accelerate Ridango’s organic and inorganic growth. Public transportation drives sustainable urban […]
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Successful representation of bankruptcy trustees in a dispute over the recognition of a EUR 9 million claim
We successfully represented the bankruptcy trustees of Saaremaa Laevakompanii in a dispute over the recognition of a EUR 9 million claim. The opposing party in the litigation was the bankruptcy trustee of the insolvent company Reyna Trade, whose claim was completely dismissed. This court victory significantly impacts Saaremaa Laevakompanii’s bankruptcy proceedings, as it will lead […]
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CVI finances acquisition of TOKS shares by Žabolis Partners
We advised funds managed by the Polish private debt investment firm CVI Dom Maklerski on a secured bond issue. Investment group Žabolis Partners used the proceeds from this issue to acquire a majority stake in the bus company Tolimojo Keleivinio Transporto Kompanija (TOKS). TOKS is one of the largest companies in the passenger transport industry […]
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European Legal update: 12.11. – 25.11.2024.
Assistant lawyer Natālija Ķīse compiled the material. Environmental, Social & Governance (ESG) Environmental, social and governance (ESG) ratings: Council greenlights new regulation Adopted: 19 November 2024 The Council adopted a regulation on environmental, social and governance (ESG) rating activities. To increase investors’ trust in sustainable financial products, the new regulation seeks to make grading practices in the […]
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The alliance contracting model will be implemented for a billion-euro procurement for Rail Baltic
We advised Rail Baltic Estonia on preparing the base documents for a significant tender related to an alliance procurement consultancy contract. Alliance procurement is a project delivery model that has successfully been adopted in Finland. In this model, the client, designer and builder share responsibilities and risks, work as a unified team, and always make […]