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

Giedrius Stasevičius

Partner

Head of Banking and Finance practice
+370 52681847
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Ieva Dosinaitė

Partner

Head of Banking and Finance practice
+370 52194641
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What's new in the field
Ellex Valiunas advises Cognizant on acquisition of Storebrand business services centre in Vilnius
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Key projects in the field

Ellex in Lithuania advised Edenred SA on acquisition of EBV Finance shares
2020-02-26
 
Ellex advised Edenred SA, a France-based EURONEXT-listed multinational corporation and a global leader in payment solutions for the working world, on acquisition of 60 percent of shares in EBV Finance, a major player in Northern and Eastern European market of tax refunds services for transportation companies.
 
Edenred Group will transfer to EBV Finance the assets of its Danish subsidiary Nikosax, which specializes in the same field as EBV Finance. Following the transaction, Edenred owns 60% of the combined entity.
 
The transaction will enable Edenred to leverage not only scale effects and operating synergies, but also EBV Finance’s expertise and positioning in a buoyant market. For its part, EBV Finance will be able to take advantage of Edenred’s Europe-wide footprint and broad client base in the region. The deal will lay a foundation to create Europe’s No.1 company in this sector.
 
The transaction value is not disclosed.
 
The deal also included EBV Finance subsidiaries in Bulgaria, Poland, Romania, Spain and Estonia. Ellex acted as buyer’s main international adviser and led the work of local law firms in their respective jurisdictions.
 
Project team consist of Ellex in Lithuania partner Paulius Gruodis, senior partner Ruta Armone, senior associate Aleksandr Asovskij, experts Ilona Janciauskaite and Gintaras Balcius, associates Augustinas Macionis and Diana Cerkeviciute, junior associate Tomas Balcytis and Ellex in Estonia associate Reet Saks.
 
Ellex was assisted by law companies Penkov Markov & Partners in Bulgaria, Wardysnki & Partners in Poland, NNDKP in Romania and Uria Menendez in Spain.
Ellex Valiunas assisted Baltic Sea Properties in obtaining refinancing loan at bank Luminor for EUR 23.4 million
25-04-2019
 
The law firm Ellex Valiunas assisted Norwegian real estate development company Baltic Sea Properties in obtaining refinancing loan at bank Luminor for EUR 23.4 million. The loan will be used to refinance 23 stores in Lithuania that are leased by the retail chain Norfa and the logistics centre where Rhenus Logistics is located.

According to the signed agreement, Luminor refinances financial liabilities of Baltic Sea Properties held in another bank in Lithuania and provides financing for other business needs.

According to the data of the end of 2018, the total value of commercial premises owned and operated by Baltic Sea Properties amounted to approximately EUR 104 mln. The company’s income from the lease amounted to EUR 7.67 mln. The company’s portfolio consists of 101.000 sq. m of commercial premises. Baltic Sea Properties is a listed company traded on Merkur Markets, Oslo Stock Exchange.

Ellex Valiunas associate partner Julija Nikitaravičienė assisted Baltic Sea Properties in negotiating refinancing and loan documentation.

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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.