Technology, Media and Communications

Our team has always been at the forefront of the Baltic information technology and communications markets, advising its leaders and participating in major transactions. Ellex Klavins has significant expertise in advising major global information technology companies. We have taken part in the most innovative and complex technology-related projects including the first purely electronic agreements. We offer our legal expertise in emerging decentralised technologies and their applications, such as blockchain solutions, cryptocurrencies, other crypto-assets and initial coin offerings (ICO). Our experts are widely regarded as leading lawyers in computer software and database protection.
Key projects in the field

Key contacts

Sarmis Spilbergs

Associate Partner

M&A and Regulatory
Head of Technology, Media and Communications practice
+371 67814856
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Liga Merwin

Managing Partner

Head of EU & Competition Practice
+371 6781 4848
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Key projects in the field

We advised UnifiedPost Group on the acquisition of Fitek Holding
05.04.2019
 
Benelux’s company UnifiedPost Group acquired the Baltic-based Fitek Holding from the private equity fund BaltCap.
 
Ellex advised UnifiedPost Group on the transaction that enabled the creation of a major European FinTech player that is also one of the largest financial technology companies in Europe.
 
UnifiedPost Group, headquartered in Belgium, is one of Europe's leading FinTech companies that helps businesses to digitize and optimize their financial value chain. They provide a complete technology portfolio for identity management, document processing, robotic accounting and apps with added value.
 
Fitek is the market leader in the financial automation process. The company operates in Estonia, Latvia, Lithuania, the UK, Slovakia, the Czech Republic, Serbia and Bosnia and Herzegovina.
 
UnifiedPost was advised by Partner Sven Papp, Counsel Jaanus Ikla and Senior Associate Gerda Liik in Estonia, Associate Partner Sarmis Spilbergs and Associate Marta Cera in Latvia, Partner Paulius Gruodis, Senior Associate Mantas Juška and Arvydas Grušeckas  in Lithuania.
We advised Silverlake Axis Limited on the acquisition of X Infotech
On January 29, 2019 Silverlake Axis Ltd (SAL) announced the completion of the acquisition of SIA X Infotech Group (X Infotech).
 
We advised Silverlake Axis Ltd on the acquisition of 80% of the equity interest in SIA X Infotech Group and performed legal due diligence of SIA "X Infotech Group" and SIA "X Infotech", both private limited liability companies registered in the Republic of Latvia. Our experts consulted the client about transaction-related employment matters as well.
 
This acquisition brings together complementary product portfolios, business strategies and expands geographical presence to allow both entities to better support existing customer bases and pursue new customers.
 
Silverlake Axis Ltd is a leading provider of digital economy solutions and services to major organisations in banking, insurance, payments, retail and logistics industries. SAL has an impeccable track record of successful delivery of innovative and transformative solutions to its enterprise customers and their ecosystems.
 
SIA X Infotech is a global provider of software solutions for issuance and verification of electronic identity documents. The company is headquartered in Latvia with subsidiaries in Latvia and Kenya.
 
The client was advised by Senior Partner Raimonds Slaidins, Associate Partner Irina Kostina, Senior Associates Reinis Sokolovs, Andris Lazdins, Edvijs Zandars and Associate Kaspars Olsevskis.
 
Ellex has advised First Data Corporation in sale of First Data companies in the Baltic States to Worldline (Atos group)
Atos has announced that its subsidiary Worldline has achieved the completion of the agreement with First Data Corporation announced on July 25th, 2017, for the acquisition of 100% of the share capital of First Data’s fully owned subsidiaries in Lithuania, Latvia and Estonia (First Data Baltics).
 
Ellex has acted as a local legal adviser in the Baltic States for First Data Corporation in the € 73 million divestment of subsidiaries, financed by available cash.
 
‘’Investment of such size is a clear testimony of continuous interest and commitment of foreign capital to our region and its main magnet - IT companies. The Baltics is definitely back on radar screen of serious players as more transactions are in pipeline." comments Sven Papp, partner and head of corporate and M&A practice group of Ellex in Estonia.
 
With a revenue of € 23 million in 2016, First Data Baltics currently employs 200 employees and is the leading financial processor in the Baltics. It provides services to the main Baltic banking groups and a large range of outsourcing services to some banks in the wider Nordic region.
 
First Data Corporation was advised by Senior Associate Iveta Ceple in Latvia; Aenior Associate Gerda Liik and Partner Sven Papp in Estonia and Associate Partner Robertas Čiočys and Junior Associate Diana Čerkevičiūtė in Lithuania.