Major deals
Below is the list of selected publicly known business transactions in which Bernotas & Dominas Glimstedt lawyers were involved:
2009
Advising Royal Unibrew A/S and its Lithuanian subsidiary UAB Kalnapilio Tauro Grupe on the multibillion club facility arrangement with Danske Bank AS, Nordea Bank Danmark AS and Nykredit Bank AS
Advising Deutsche Pfandbriefbank AG on the extension of the multimillion credit facility provided to UAB Mulga, owner of Babilonas shopping centre in Vilnius
Assisting UAB Garsu pasaulis, the leading Lithuanian printing house, in renegotiating its joint venture arrangement with Polska Wytwornia Papierow Wartosciowych SA regarding production and supply of blanks of Lithuanian ID documents
Advising Asicom Holdings Ltd. on redemption of the remaining 100% equity interest in MD Holdings Ltd., the company holding equity interest in several real estate developments in Lithuania
Advising AB Baltic Shopping Centers on the planned extension of Mega shopping centre in Kaunas
Advising the fund manager on the structuring of the Business Angels' Fund for Lithuania to be established under the JEREMY initiative launched by the European Investment Fund
Lease of SEB back office building in Vilnius (12,000 sq.m)
Structuring of finance and shareholding structure, management and operatorship for the largest in the Baltics retail center Ozas (150,000 sq.m)
Restructuring of the largest market research companies in Lithuania
2008
Advising IKEA on the acquisition of 100 percent of shares of Girių bizonas UAB, the largest particle board producer in the Baltic States
Advising Vilkyškių pieninė AB on the acquisition of a majority stake in Kelmės pieninė AB
Advising one of the two shareholders of the AG Group, the largest Lithuanian wholesaler and retailer of household appliances and electronic equipment operating under the trademark of Topo Centras, on the complex buyout of the other shareholder, including financing of the deal
Advising Malsena AB on the division of its business into starch production and flour production, including transfer of the shares between the company shareholders
Sale of a majority stake in Klaipėdos Smeltė LKAB, a stevedoring company with the second-longest quay in the Klaipėda Seaport, to a strategic investor
Giving Lithuanian law-relating advice on an attempted acquisition of Danisco Sugar AS by a strategic investor
Sale of a majority stake in General Financing UAB, a provider of consumer credits operating under the brand name of Kreditas 123, to Societe Generale
Advising Verdispar group on acquisition and lease-back of 9 Maxima retail stores
Advising Royal Unibrew A/S on successful squeeze-out of minority shareholders in AB Kalnapilio-Tauro Grupe
Advising Deka Immobilien GmbH on successful acquisition of Akropolis, Kaunas, the shopping and entertainment centre of approximately 60,000 gross letable area, being one of the biggest real estate acquisitions in the Baltics so far
Advising Crudex, a Russian exporter of petroleum and petrochemical products, in its acquisition of shares in a Cyprus company, which holds the right to acquire part of a business centre being developed in Moscow
2007
Advising the European Bank for Reconstruction and Development (EBRD) on its EUR 20 million equity investment into and loan financing of E Energija UAB, an energy company having operations in Lithuania, Latvia and Ukraine
Advising Askembla Growth Fund KB in acquisition of majority stake in "Kausta Guder" UAB, one of the leading companies engaged in sale and leasing of the construction equipment
Advising investor on its attempted acquisition of "Novaturas", a leading Lithuanian tour operator
Providing legal support to Askembla Growth Fund KB on the transaction of sale of its equity stake in "Sonex Group" UAB , the leading Lithuanian IT company
Advising "Kalnapilio-Tauro Grupė" AB, one of the biggest Lithuanian breweries, on the sale of its real properties in Vilnius
Advising "Garsų pasaulis" UAB, the leading Lithuanian printing house, on its joint venture arrangement with Polska Wytwornia Papierow Wartosciowych S.A. regarding the production and supply of new electronic ID documents blanks of the Republic of Lithuania and personalisation equipment
Legal support to "Senukų prekybos centras" UAB, the major Lithuanian DIY retail operator, on closing of its investment transaction into Byelorussian DIY operator
Advising Shell Overseas Holdings Limited on the sale of its business in Lithuania, Latvia and Estonia
Advising Recall Limited on its attempted acquisition of UAB Archyvų sistemos, a leading document storage and management service provider in Lithuania
Acquisition of the land plots through the sale of UAB Ekfita having the total value of LTL 13.2 million
Rendering services related to the formation of the largest shopping center in Baltic region
Advising the vendors on the sale of their interest in one of the leading Lithuanian software development and system integration company
Sale of the major Ukrainian retail chain
Advising Verdispar Group in sale-lease back of Vingės Transsphere Logistika terminal
Advising Estonian Magnum AS in the attempted multimillion acquisition of the largest Lithuanian pharmaceutical business
Advising the acquirer in sale of a local elevator maintenance company to KONE Corporation
Advising Verdispar Group in sale-lease back of the Durapart factory in Panevėžys
Providing extensive legal support to Verdispar Group in sales and lease - back of Norfa property portfolio, one of the leading retail chains in Lithuania
Sale of a controlling stake in Šiaulių plentas UAB, one of the biggest Lithuanian road construction companies
Advising EuroChem Mineral and Chemical Company, the major Russian producer of chemical products, on a USD 300 million eurobond issue
Advising the investor in a EUR 0.5 billion acquisition of the leading Lithuanian mobile operator
2006
Advising a syndicate of Lithuanian and foreign investors on the acquisition of a group of Lithuanian producers of industrial equipment, comprising Rolvika, Robiga and their related companies
Providing legal support to a Lithuanian investment company on the acquisition of a textile producer Drobe AB from EBRD, IFC and Finnventure funds
Advising Hypo Real Estate Bank International AG on the financing of a UK investment fund Dawnay Day Carpathian in its EUR 33 million acquisition of Babilonas, the Lithuanian shopping and entertainment centre
Providing legal support to Steag Saar Energie AG (Germany) on its attempted acquisition of a part of the Klaipeda Energy Company
Preparation of the initial public offering (IPO) of a Lithuanian retailer of clothing and designer products Levuo AB
Providing legal support to "Simpras" UAB on the acquisition and company management
Advising Gambro AB (Sweden) on the acquisition of Haemodialysis clinics in Lithuania
Providing legal support to Ramboll Gruppen A/S on the acquisition of project design company in Lithuania
Providing legal support to Moelven Toreboda on the sale of Jures medis AB share
Acquisition of the hotel "Takioji Neris" property in Kaunas, Lithuania
Legal due diligence of the leading Lithuanian shopping and entertainment centres developer in Lithuania and Latvia
Advising on reorganisation of "Sonex Group" UAB, one of the largest Lithuanian IT company
Advising on the sale of majority stake in "Garsų pasaulis" UAB, one of the leading Lithuanian printing houses
Advising on the investment by "Senukų prekybos centras" UAB, the major Lithuanian DIY retail operator, into Byelorussian DIY operator
Advising on the restructuring and subsequent sale to the international investor of the real estate portfolio leased by "Senukai" retail chain
Acquisition of logistic centre by the Norwegian real estate investor Verdispar Group
Providing legal support in an over EUR 40 million privatization projects of a Serbian company
Acting in the syndicate of advisors for AB Vilniaus Akropolis - a major Lithuanian real estate developer and manager - in the preparation of an initial public offering (IPO) of its shares
Providing extensive legal support to a Norwegian investment fund in a LTL 80 million acquisition of real properties in Vilnius and Klaipėda
Advising a local investor on the acquisition of shares of "Info-Tec" UAB - one of the major IT companies in Lithuania
2005
Providing legal support to the developers of one of the biggest Lithuanian green field projects – a 30 MW wind turbine park with an estimated capacity of 70 kWh per year (2004-2005)
Advising the vendors on the sale of their majority interest in AB Kauno tiltai – one of the leading Lithuanian road construction companies
Acting in the syndicate of advisors for AB Vilniaus Akropolis – a major Lithuanian real estate developer and manager – in the preparation of the initial public offering (IPO) of its shares
Providing legal support in the EUR 30 million Kaunas multi-purpose arena development project
Advising on the EUR 40 million equity and debt financing of the largest Lithuanian wind turbine park (under construction)
Advising the local borrower on refinancing by Eurohypo AG of a EUR 30 million syndicated loan from the local financial institutions
Providing extensive legal support to the local real estate developer in the project of construction and development of Mega shopping centre in Kaunas – one of the biggest shopping and entertainment centres in the Baltics
Advising the vendors on the EUR 10 million sale of their majority interest in AB Kauno pieno centras – a major Lithuanian ice cream producer
Advising a potential investor in its bid for the purchase of the Lithuanian oil refinery AB Mazeikiu Nafta
Advising Askembla Investment Fund on two of its equity investments in Lithuania
Acting for UAB Baltijos Baldu Grupe in the sale of its business in Latvian chipboard producer A/S Bolderaja
Representing SigmaRail Group’s interests in the EUR 20 million Public Tenders organized by AB Lietuvos Gele˛inkeliai (Lithuanian Railways)
Advising AB Lietuvos Energija on a EUR 30 million reconstruction of the Kaunas Hydro Power Plant
Advising the developers of the Palanga SPA (EUR 5 million)
Advising Svenska Petroleum AB in the enforcement of its USD 16 million arbitral award against the Republic of Lithuania and AB Geonafta
Advising the Ministry of Finance of the Republic of Lithuania on the EUR 600 million eurobond issue
2004
Advising one of the owners of TUB “Nemuno banga”, a pan-European producer of PET performs, on the multimillion sale of his business
Advising ICA AB on the establishment of joint retail trade operation in the Baltics with Kesko Corporation
Providing legal support to the local real estate developer regarding construction and development of 2 new big shopping malls in Vilnius and Kaunas
Privatisation (acquisition) of Klaipeda Ship Repair Yard
Novotel hotel project
2003
Advising AB “Lifosa” on the USD 10,000,000 sale of its businesses in the Klaipeda Sea Port and in the Kemira-Lifosa joint venture (2003-2004)
Acting for a syndicate of banks in relation to USD 29,000,000 loan facility to Mazeikiai Oil refinery
Acting for EBRD in relation to financing project for the major Lithuanian supermarket chain
Privatisation (sale) of 34% of the national gas transportation and distribution company Lietuvos Dujos to OAO Gazprom
Acquisition of the largest meat processing plant in Lithuania
Acting as co-counsel for one of the Swedish oil producers in its approx. USD 13,000,000 claim against the local oil producers and the Government of Lithuania
Rehabilitation of one of the biggest sugar plants in Lithuania (1999-2003)
Developing a chain of Lithuanian service stations by a global oil producer Shell (1993-1999) and subsequent sale (2002-2003)
Acquisition of real estate by US Embassy in Lithuania (2000-2003)
Privatisation of the Lithuanian alcohol producers
Privatisation of the Klaipėda Transport Fleet
Merger of the breweries Vilniaus Tauras and Kalnapilis (1999-2003)
Sale of the major Lithuanian construction materials’ and DIY items trading chain (2002-2003)
Trademark and patent litigation: Smirnoff (2002-2003), Stolichnaya (2002-2003), Nike (2002-2003), Lipton (2003), Nespo (2003) trademarks and others
2002
Acquisition (privatisation) of one of the largest commercial banks in Lithuania – the Lithuanian Agricultural Bank by Norddeutsche Landesbank (2002)
Privatisation of the 34% of the Lithuanian natural gas transportation, distribution and supply company Lietuvos Dujos to the Ruhrgas/E.ON consortium (2002)
Acquisition and restructuring of one of the largest fertilizer factory in Lithuania Lifosa (2002)
Sale of Radisson SAS Hotel Astorija owner company (2002)
Privatisation of the Lithuanian oil retailer AB Ventus-nafta (2000-2002)
EBRD’s Baltic Post-privatisation Fund equity and financial investments into Lithuanian textile, food processing and IT sectors (1996-2002)
Danish Brewery Group acquisition of the Lithuanian breweries Vilniaus Tauras and Kalnapilis
Acquisition, construction and financing of 24 floor, 240 rooms Lietuva Hotel property
Financing and construction by Skanska - one the world’s largest construction and real estate development companies - of a twenty two-floor, over 15-thousand square meter modern Vilnius municipality and office building
Acquisition, construction and financing of a 20-thousand square meter Best Western hotel
Acquisition of the only national animal origin waste processing company (2002)
2001
Acquisition (privatisation) of one of the largest commercial banks in Lithuania – the Lithuanian Savings Bank by Hansabank, member of the Swedbank group (2000-2001)
Acquisition (privatisation) of, and spin-off part of, the Lithuanian Shipping Company (LISCO) by Danish DFDS group (2000-2001)
Vilnius municipality district heating company concession to a French energy company Dalkia (2000-2001)
ABB business acquisitions and privatisations in Lithuania (1999-2001)
IFC and EBRD financing of major Lithuanian fertilizer producer Lifosa (2000-2001)
IFC financial and quasi-equity investment into the largest Lithuanian TV tube producer Ekranas (1999-2001)
A number of municipal district heating companies concession project nationwide
Various Western banks in financing projects (Standard bank, SEB, Nordic Investment Bank, ABN Amro Bank, Overseas Private Investment Corporation, Kredyt Bank PBI S.A.) (1996-2001)
EBRD financing of the renovation of Kaunas Water Company (2000-2001)
Reorganization of the Lithuanian national electric power company Lietuvos Energija (2000-2001)
Merger of the breweries Švyturys, Utenos alus and Jungtinis Alaus Centras
2000
Acquisition, construction and financing of 20 000 sq. m. modern commercial property Business Center 2000 (1998-2000)
Development of the nationwide network of petrol stations (1997-2000)
EBRD partial privatisation the Lithuanian Agricultural Bank
The Municipality of the City of Vilnius and corporate bond issues (2000)
Privatisation of the Lithuanian Development Bank by Sampo Group (2000)
Privatisation of the Lithuanian Telecom through IPO (2000)
1999
Privatisation of the largest Lithuanian stevedoring company KLASCO
Sale (privatisation) of the oil refinery, pipeline and off-shore terminal company Mažeikių Nafta to a US based company Williams (1998-1999)
Major Lithuanian mobile operator Omnitel credit facility arrangements with several international financial institutions (1998-1999)
Danish Codan Insurance acquisition (privatisation) of the major Lithuanian insurance company Lietuvos Draudimas
Williams de Broe Plc arrangement and management of GDR programs for several Lithuanian listed companies (1997-1999)
Merger of the two main commercial banks in Lithuania Vilniaus Bankas and Hermis
Acquisition of one of the major Lithuanian construction companies AB Kausta by the Finnish YIT Corporation (1998-1999)
EBRD subordinated lending programmes with various Lithuanian financial institutions (1998-1999)
1998
Acquisition of the largest brewery in Lithuania Švyturys by Carlsberg Breweries
Acquisition of the largest Lithuanian private bank Vilniaus Bankas by SEB (Skandinaviska Enskilda Banken) (1998)
Sonera Corporation participation in privatisation of Lithuanian Telekom (1998)
Finnish Kemira Agro Oy joint venture project with the major Lithuanian fertilizer producer AB Lifosa (1997-1998)
Privatisation of Lithuanian Telecom through the sale to a strategic investor (1998)
1997
Acquisition, reconstruction and financing arrangements for Radisson SAS Hotel Astorija property and operations
EBRD debt and equity investments into the Lithuanian Development Bank (1996-1997)
Older projects include IFC and Scandinavian investors’ debt and equity investments into the largest Lithuanian plywood factory Klaipėdos Mediena (1995), the German investment in acquisition of the largest textile manufacturer Liteksas (1993-1994), sale by Lithuanian Government of Klaipėda Tobacco Factory to Phillip Morris (1992).