SORAINEN Lithuania advised Softneta in negotiating and concluding agreements on investment in the company by venture capital fund Practica Capital. Softneta is an award-winning Lithuanian IT company providing software-based specialized healthcare solutions to improve the quality of patient care. The company has enjoyed great success not only nationally but also globally through exporting products to […]
SORAINEN is assisting Rexel in selling its activities in the Baltics. With this divestment, along with simultaneous divestment of operations in Poland and Slovakia, announced on 20 January 2016, Rexel is continuing its disposal programme. Completion of the transaction remains subject to approval by the competition authorities. SORAINEN assisted in the Baltic tax structuring of […]
SORAINEN assisted the management of Markit Holding in a management buyout from an investor holding a minority stake. The transaction was financed through a complex mezzanine structure. In addition to financing, the transaction also involved forming a joint venture with remaining investors in the company. SORAINEN advised the transaction in all stages from initial negotiations […]
Sorainen Belarus office advised Facebook, Inc., the world’s leading social network, in connection with its acquisition of Masquerade Technologies, Inc., a Belarus-based developer of the popular mask and face-swapping app MSQRD, recently ranked as top mobile application in App Store across more than 60 countries of the world. Primary adviser to Facebook was Fenwick & […]
On 7 March 2016, after evaluating reports prepared by PricewaterhouseCoopers, the Lithuanian Competition Council (“Council”) confirmed that Polish insurance company PZU, which acquired 100 % of the shares in Lietuvos draudimas, had timely and properly fulfilled the merger conditions and obligations set by the Council on 9 March, 2014 when issuing a clearance decision for […]