Corporate / M&A

Our firm has wide expertise in all M&A transactions, especially those that are sophisticated in nature and present unusual circumstances.  Our experts have advised on major deals in the local market and globally, both as independent advisors and by working closely with the best law firms in Europe and beyond. We support our clients daily with corporate governance, compliance and liability advice, but it is at key moments when we are most heavily relied upon – business structuring and restructuring, strategic changes, new directions and crisis response. The solutions we offer reflect our extensive international experience and our deep-rooted local knowledge.
Key projects in the field

Key contact

Paulius Gruodis

Partner

Head of the Corporate and M&A practice
+370 52681807
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Rolandas Valiūnas

Managing Partner

+370 52681832
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Žilvinas Zinkevičius

Partner

Head of Corporate and M&A practice
+370 52681851
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Dr. Robertas Čiočys

Partner

Head of M&A, Private Equity and Corporate Establishment Team
+370 52681844
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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 advised private equity firm Halder on the acquisition of Drumag Fluidtechnik and EPH Elektronik
02-10-2019
 
The law firm Ellex Valiunas advised German private equity firm Halder on the acquisition of Drumag Fluidtechnik and EPH Elektronik – companies producing electronics, pneumatics, hydraulics and other industrial systems. The companies operate in Germany, Switzerland and Lithuania.

Halder is a private equity firm established in Germany in 1991. During this time, it has provided over 40 small and medium-sized companies with equity capital. Halder supports its portfolio companies in international expansion, development of their strategies and business models. 

Drumag Fluidtechnik has over 100 years of experience in pneumatics, hydropneumatics, hydraulics and other application-specific systems in the areas of power, control and motion. 

EPH Elektronik specializes in power and control electronics in various designs including rotary drive units with motors and geared motors. 

Ellex Valiunas together with global law firm CSM advised Halder and performed the due diligence of EPH Elektronik, operating in Lithuania, advised on other transaction issues related to the Lithuanian jurisdiction. The project team was led by partner Paulius Gruodis, the team also included senior associate Mantas Juška and associate Arvydas Grušeckas.
 
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Ellex advises Veho on the acquisition of Silberauto
18-09-2019
 
Ellex advises Veho on its acquisition of Silberauto, an Estonian importer and retailer of Mercedes-Benz vehicles in Estonia and Lithuania, from Mr Väino Kaldoja.
 
Veho, founded in 1939, is a leading Finnish car import and retail company with operations in Finland, Sweden and Baltics. Veho's operations comprise versatile transportation services and solutions from passenger cars to heavy-duty vehicles. In 2018, Veho's turnover was approximately EUR 1.2 billion.
 
Silberauto acts in the Estonian and Lithuanian market and, in addition to importing and retailing of Mercedes-Benz vehicles, its operations comprise import and retail of Mitsubishi, Maserati and Jeep vehicles. In 2018, Silberauto's turnover was approximately EUR 387 million and it had more than 500 employees.
 
Completion of the transaction is subject to customary closing conditions.
 
Veho was advised by Ellex Partner Paulius Gruodis, Senior Associate Mantas Juška and Associate Arvydas Grušeckas in Lithuania and Partner Risto Vahimets and Senior Associate Karl-Erich Trisberg in Estonia.
 
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