Lithuania

a. UAB Euroapotheca Acquisition of Apoteksgruppen from Sweden

TGS Baltic and Sweden's Hammarskiold & Co law firm advised UAB Euroapotheca, a Baltic and CEE pharmacy retail and wholesale group, on its purchase of Swedish pharmacy chain Apoteksgruppen from the Kingdom of Sweden. The seller was advised by the Lindahl and Cederquist law firms. The value of the transaction was over EUR 171 million.

Deal parties (advisors)

  • Buyer: UAB Euroapotheca (TGS Baltic; Hammarskiold & Co (Sweden))
  • Seller: The Kingdom of Sweden and > 100 private entrepreneurs (Lindahl law firm; Cederquist law firm)

 

b. IRI Investments (IKEA) Acquisition of UAB Pamario Jegaine Energija

Ellex Valiunas represented Stichting AE Fund Management (the Netherlands) and Orion Alternative Energy Fund (Lithuania) to transfer 100% of shares in UAB Pamario jegainiu energija to an investment SPV of IKEA. This was the Swedish furniture giant’s first investment into Lithuania’s renewables sector.

Deal parties (advisors)

  • Sellers: Stichting AE Fund Management (the Netherlands) and Orion Alter-native Energy Fund (Lithuania) (Ellex Valiunas)
  • Buyer: UAB IRI Investments Lietuva (Glimstedt)

 

c. Providence Equity Partners’ Acquisition of Baltic Subsidiaries of Modern Times Group

Working alongside global counsel Mannheimer Swartling, Sorainen has advised Providence Equity Partners on the acquisition of the Baltic businesses of Swedish media holdings Modern Times Group. Cobalt — working alongside Sweden's Hamilton law firm — advised the Modern Times Group on the deal. The total disclosed value of the acquisition in all three Baltic States is EUR 115 million — equivalent to 12 times FY 2016 EBIT.

Deal parties (advisors)

  • Seller: Modern Times Group (Cobalt; Fort Legal; Hamilton Law Firm; Skopiņa & Azanda (Latvia))
  • Buyer: Providence Equity Partners (Sorainen; Mannheimer Swartling)
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