Sorainen has advised the Baltic Horizon Fund on private placements of fund units, which raised a total of EUR 16.5 million.
According to Sorainen, the private placements were arranged in relation to the latest property acquisition of the fund – the North Star Business Center in Vilnius, Lithuania (reported by CEE Legal Matters on September 11, 2019). As part of the transaction the seller of North Star Business Centre, UAB Prosperus Strategic RE Fund, agreed to subscribe to fund units in the amount of EUR 5 million.
The Sorainen team was led by Partner Reimo Hammerberg and Senior Associate Katlin Krisak.
