TGS Baltic has advised Vilniaus Prekyba on the sale of its subsidiary Delano to Defood.
Defood is an Estonian company that is also part of the Mirrow Institute.
According to TGS Baltic, Vilniaus Prekyba is the largest Lithuanian-owned business group and Delano operates the Delano and Can Can Pizza restaurant chains. As part of the transaction, Caif Cafe and the 12 self-service restaurant chain were carved out of Delano and remain under Vilniaus Prekyba’s ownership as standalone companies.
The TGS Baltic team included Partner Marijus Krisciunas, Associate Partner Paulius Dabulskis, and Associate Paulius Zalnieraitis.
TGS Baltic did not respond to our inquiry on the matter.