Ellex, working with Allen Overy Shearman Sterling, has advised Adven on the renewal of its financing platform by raising EUR 675 million.
Adven is a provider of sustainable energy solutions in the Nordic and Baltic regions.
According to Ellex, the transaction, which raised EUR 675 million through a mix of bank financing and private placement loans, closed in January 2025 and provides a strong foundation for the company’s future growth.
In 2023, Ellex advised Adven Group Companies in Latvia on joining global financing (as reported by CEE Legal Matters on May 11, 2023).
The Ellex team included Latvia-based Associate Partner Marta Cera, Senior Associates Beata Plocina and Niklavs Zieds, and Associate Eliza Semkina and Estonia-based Partner Ermo Kosk and Counsel Toomas Kasesalu.
Ellex did not respond to our inquiry on the matter.
