Green Landscaping Group acquires Lithuanian-based outdoor environment maintenance company UAB „Stebulė“

Green Landscaping Group acquires Lithuanian-based outdoor environment maintenance company UAB „Stebulė“

We advised outdoor environment maintenance company’s UAB „Stebulė“ shareholder in the company’s sale of shares.

Founded in 1993, UAB „Stebulė“ is the largest outdoor environment maintenance company in Lithuania, which is engaged in urban sanitary cleaning, maintenance of forest parks, flower beds, trees and shrubs, cemetery upkeeping, and installation of green infrastructure. With its headquarters in Vilnius and offices in Klaipėda, Šiauliai, and Alytus, the company has more than 330 employees. In 2021, its turnover was EUR 12.7 million.

“That was our most expeditiously closed deal of this size”, says Partner Aušra Maliauskaitė-Embrektė, who was heading the deal team.

With the acquisition of 100% in UAB „Stebulė“, Green Landscaping Group has now become Scandinavia’s largest outdoor environment and infrastructure maintenance company, which is listed on Nasdaq Stockholm. Its strategy in the Baltic countries is to expand operations through the acquisition of major local companies. Green Landscaping Group works with outdoor environment and infrastructure. It has approximately 1,600 employees and annual sales of just over SEK 3.2 billion.

The deal team, which included Partner Aušra Maliauskaitė-Embrektė, Partner Artūras Bakšys, Senior Associate Jurgita Zakarauskienė, Associates Laura Tunkevičiūtė, Simona Butkutė, Karolis Grižas and Tautvydas Užkuras advised on all legal aspects of the transaction from the viewpoint of Lithuanian law, drafted and reviewed transaction documents, represented the shareholder in negotiations and rendered assistance on other matters.

 

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