Ellex has advised HOF Ehf on the sale of Baltic IKEA stores to Inter IKEA Group. Walless advised FE Corporation, the sellers of the Lithuanian store operator. Sorainen reportedly advised Inter IKEA Group.

The ongoing war in Ukraine has sparked governments to take defense seriously. The Lithuanian government is no exception here – as of 2025, Lithuania is set to increase defense spending.

TGS Baltic has advised INVL Baltic Sea Growth Fund on its acquisition of Pehart Group in Romania from Abris Capital Partners. RTPR advised Abris Capital Partners.

Ellex has offered pro bono representation in a same-sex parenthood case before the national courts in Lithuania, resulting in the first-ever recognition of same-sex parents.

TGS Baltic has advised Sun Investment Group on a EUR 8 million bond issuance with an annual interest rate of 11.5%, payable semi-annually.

Walless has successfully represented Voltas in a EUR 1.7 million business interruption insurance case in Lithuania.

Ellex, working with Kirkland & Ellis, has advised Advent International on its acquisition of Nuvei Corporation. Stikeman Elliott and Sorainen reportedly advised Nuvei.

TGS Baltic has advised Superhero Capital on leading a EUR 2.5 million investment round for Cyber Upgrade with Specialist VC, Firstpick, NGL Ventures, and angel investors Marios S. Kalochoritis and Sergei Anikin also participating. Noor reportedly advised on the round as well.

TGS Baltic has advised Simpact Ventures on its investment in Ligence as part of a round that also saw the participation of Coinvest Capital, the European Innovation Council, Estonian venture capital firm Lemonade Stand, the NGL business angel syndicate, and private investor Rita Sakus.

TGS Baltic has advised Pro Bro Group on its EUR 2 million bond issuance with Siauliu Bankas as the distributor.

Walless has advised Iki Lietuva on its full acquisition of LastMile from UAB Startcap. TGS Baltic reportedly advised Startcap.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

TGS Baltic has advised InMedica Group on its acquisition of Druskininkai Pusynas Rehabilitation Clinic in Lithuania from Vytautas Dambrava.

Fort has advised Bondora on entering the Lithuanian consumer credit market.

Former Ellex Associate Partner Gyte Maleckaite has joined Adon Legal as Counsel.

Ellex has advised the shareholder of UAB Umaras on the sale of the company to an unidentified Finnish company.

Dentons, reportedly working with TGS Baltic, has advised Siauliu Bankas on its EUR 50 million issuance of additional tier 1 notes with Goldman Sachs Bank Europe as the sole lead manager. Linklaters and Sorainen reportedly advised Goldman Sachs.

Cobalt has advised the 15min group on its placement of a EUR 16 million bond issue.