Financials & Investments

Ellex Valiunas advises leading financial institutions and investment companies on the most significant finance transactions. We enjoy a heavy volume of banking-related work, including commercial lending, syndicated loans, refinancing and portfolio restructuring. Our experts assist clients seeking to operate on a cross-border basis to comply with EU passporting and general good provisions or, alternatively, we help clients to structure the nature of their investment services in order to comply with applicable restrictions or requirements.
Key projects in the field

Key contact

Gediminas Rečiūnas

Partner

Head of the Finance and Tax practice group
+370 52681819
crypt:PGEgY2xhc3M9ImVtYWlsIiBocmVmPSJtYWlsdG86Z2VkaW1pbmFzLnJlY2l1bmFzQGVsbGV4Lmx0Ij5nZWRpbWluYXMucmVjaXVuYXNAZWxsZXgubHQ8L2E+:xx
What's new in the field
Ellex Valiunas advises Cognizant on acquisition of Storebrand business services centre in Vilnius
Read more

Key projects in the field

We Advised an Asset Management Company United Partners in Preparation of a Bond Issue of EUR 4.7 Million
The bonds of UPP & CO KAUNO 53 OÜ admitted to trading on Nasdaq Baltic First North market June 12, 2017. The size of the bond issue is EUR 4.7 million. Ellex Raidla and Ellex Valiunas teams advised UPP & CO KAUNO 53 OÜ in connection with the preparation of the bond documentation.
 
UPP & CO Kauno 53 OÜ is a corporate body founded by United Partners Property – a company which manages United Partners’ real estate investments. The bonds providing funding for the acquisition of Rimi's central warehouse in Lithuania.
 
First North is regulated as a multilateral trading facility, known as the Alternative Investment Market (AIM). This means that, although First North does not have the legal status as a regulated market it operates in the Nordic and Baltic countries in parallel with regulated market. Nasdaq decided to go to First North in order to provide investors with an easy and transparent way to sell or buy the bonds if they want to.
 
Ellex Raidla team included Partner Raino Paron and Senior Associate Gerly Lõhmus and Ellex Valiunas team included Partner Joana Baublyte-Kulviete and Senior Associate Lina Radaviciene.
 
 
Ellex Valiunas advises Cognizant on acquisition of Storebrand business services centre in Vilnius
Global leader in IT, consulting and business process outsourcing services Cognizant has agreed to acquire a majority stake in the Vilnius business services centre of Storebrand, a Norwegian insurance and pension fund management company.
 
After this deal Lithuania will become an integral part of Cognizant’s global network. The company operates in the USA, Europe and South East Asia. Cognizant manages over 100 business services centres around the world, which employ over 219,000 professionals.
 
The legal team included partner Dovile Burgiene, senior associate Alina Burlakova and associate Vilte Kristina Steponenaite.
Ellex Valiunas advised the managers in the largest EUR 1.5 billion and first ever dual tranche Eurobond issue
Lithuania has successfully issued two (10– and 20–year) Eurobonds of EUR 750 million each in October 2015, that is a new milestone in the country’s borrowing history.
 
„Lithuania has borrowed a large amount for a long duration by issuing a dual tranche Eurobond for the first time. The decision reflected investors’ demand and our borrowing strategy. The long duration will allow us to achieve a smooth debt profile and lock into low interest rates for a longer period. Low interest rates will help to refinance old debts and to redirect savings on interest to public needs“, – Lithuanian Finance Minister Rimantas Šadžius said.
 
Ten-year EUR 750 million Eurobond has the lowest coupon in the country’s history – 1.25 per cent. It is also the largest among Lithuania’s Eurobonds of such duration in the euro market. Twenty-year EUR 750 million Eurobond with the 2.125 coupon is the first Lithuania’s Eurobond issue.
The transaction was lead-managed by Barclays, BNP Paribas and HSBC.