The Lithuanian office of CEE Attorneys has advised the Audejas Group, Lithuania's upholstery and decorative fabrics producer and furniture retailer, on what the firm calls "several interrelated complex real estate transactions with a total value of more than EUR 11 million." According to the a statement released by CEE Attorneys, the deal "paved the way for the modernization of the Group’s production facility and a furniture center."
In the first deal, the Audejas Group sold its upholstery and decorative fabrics plant and its furniture store in central Vilnius to the VPH group. Valiunas Ellex advised the buyer on the deal.
In the second deal, the Audejas Group acquired a shopping center from Litectus Bank — a member of the SEB Group. According to CEE Attorneys, the shopping center will be transformed into a modern furniture center in the residential area of the capital city.
CEE Attorneys Senior Partner Daina Senapediene reports that her team carried out the due diligence, represented the client in negotiations for both deals, prepared all the documents for the transactions, and oversaw the process of implementation.
Editor’s Note: After this article was published, Valiunas Ellex confirmed to CEE Legal Matters that it represented the VPH Group on its acquisition of the upholstery and decorative fabrics plant and furniture store from the Audejas Group in Vilnius. The Valiunas Ellex team consisted of Partner Tomas Milasauskas, Associate Partner Indre Jonaityte-Grice, Senior Associate Evaldas Klimas, and Associate Donata Montvydaite.
