OREANDA-NEWS. October 08, 2013. International business news and market research agencies Bloomberg and Thomson Reuters acknowledge SORAINEN’s prominent position in the Eastern European region in terms of the number of transactions advised on.

With over ten transactions valued at a total of EUR 143.52 million in the Baltic States in the first half of the year, SORAINEN is ahead of other Baltics-based law firms.

Bloomberg ranks SORAINEN 5th next to well-known international legal advisors such as Allen & Overy and Clifford Chance. In terms of transactions in the mid-market range (below EUR 380 million), Thomson Reuters places SORAINEN in 6th position among the top legal advisors in Eastern Europe. These are the highest ratings achieved in the first half of the year among Baltic law firms.

In the first six months of the year, SORAINEN advised some of the largest transactions in all three Baltic States. The law firm contributed to the merger of the Estonian, Latvian and Lithuanian subsidiaries of ERGO, one of the largest insurance groups in Europe, into a single European Company (“Societas Europaea”) ERGO Insurance SE.

In Estonia, SORAINEN participated in the EUR 6.53 million acquisition by Cathay Investments of a 100% stake in Wellmar Limited from Umeco Limited. In Latvia and Lithuania, SORAINEN advised private Lithuanian insurance brokerage company Balto Link UADBB, its Latvia-based subsidiary Balto Link SIA and Latvian insurance brokerage company A Dziviba SIA on merger issues. The new company formed by merging the two Latvian companies has become the largest health and life insurance broker in Latvia and the third largest in the Baltics.

In Lithuania, SORAINEN advised on one of the country’s largest transactions in recent years, namely the transfer of EUR 2.06 billion worth of Ukio bankas assets and liabilities to Siauliu bankas. SORAINEN also advised Clement Power Venture on the acquisition of a 99.5% shareholding in Kauno termofikacijos elektrine (Kaunas Heat and Power Plant) from major Russian gas company Gazprom and assisted Technopolis, a Finnish listed real estate rental company, in its acquisition of three Lithuanian companies (Domestas, Urban housing and Gama projektai) which own and manage new business centres in Vilnius. So far, this EUR 61 million transaction is the second-largest acquisition in Lithuania in 2013.

Bloomberg and Thomson Reuters are noted business news agencies providing high-quality market research services to companies and professionals.

More detailed information is available in the Bloomberg Mergers & Acquisitions Rankings H1 2013 and Thomson Reuters Small Cap M&A Review and Mid-Market M&A Reviews.
http://www.sorainen.com/en/News/3691/