Corporate M&A

Ellex Klavins is an expert in various transactions, especially those that are sophisticated in nature and present unusual circumstances. We bring in 26 years of experience to craft innovative and practical solutions in order to close a deal.
Our team has advised on numerous deals of importance in the local market and globally, both as an independent advisor and by working closely with the best law firms in Europe and internationally.
We support our clients in the daily life of their business with corporate governance and compliance and liability advice, however, we are most heavily relied upon in the crucial moments – in business structuring and restructuring, strategic changes, new directions and crisis response.
Our corporate services are used by local and multinational companies with operations in the region. Our lawyers are proud of their role as trusted advisors to the key decision makers of our corporate clients.
Key projects in the field

Key contacts

Raimonds Slaidiņš

Senior Partner

Head of Corporate and M&A practice
+371 6781 4848
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Filips Kļaviņš

Senior Partner

+371 6781 4848
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Pēteris Dalderis

Partner

+371 6781 4848
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Zinta Jansons

Foreign Counsel

Admitted to practice in New York and New Jersey, USA
Co-head of Finance & Tax Practice
+371 678 14848
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What's new in field
Ellex and Allen & Overy advise Blackstone on the acquisition of a majority stake in Luminor for EUR one billion
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Key projects in the field

We advised Brink's Company in a major acquisition of G4S cash operations
27.02.2020
 
The Brink’s Company has announced that it has agreed to purchase for approximately $860 million the majority of the cash operations of U.K.-based G4S plc, a global security and cash management company.
 
The acquisition includes cash management operations in 14 new markets: the Netherlands, Malaysia, Romania, Belgium, Ireland, Kuwait, the Czech Republic, the Philippines, the Dominican Republic, Cyprus, Indonesia, Lithuania, Estonia and Latvia.
 
Ellex was the local legal advisor in the Baltics in cooperation with Allen & Overy. In Latvia the client was consulted by Senior Associate Reinis Sokolovs and Senior Partner Raimonds Slaidins. We advised Brink’s Company on due diligence, reorganization and restructuring matters in relation to G4S Cash Services Latvia.
 
The Brink’s Company is the global leader in total cash management, secure route-based logistics and payment solutions including cash-in-transit, ATM services, cash management services and international transportation of valuables. 
 
We successfully advised Air Total International on sale and transfer of its shares in SIA Gulfstream Oil
Air Total International (ATI), Swiss-based company of Total group, together with all other shareholders sold and successfully transferred all of its shares in SIA Gulfstream Oil.
 
Ellex Klavins provided legal assistance to ATI throughout the transaction, from the negotiations in April 2019 until the closing in October 2019.
 
The client was advised by Associate Partner and head of Public Procurement practice Maris Brizgo.
Deal closed: we advised Blackstone on completing the acquisition of a majority stake in Luminor bank for EUR 1 billion
30.09.2019
 
On September 30, 2019 after approvals from the Baltic regulators, the European Commission and the European Central Bank, the US private equity giant Blackstone Group has closed acquisition of a 60 % majority stake of Luminor shares, one of the leading banks in the Baltics, from its owners Nordea Bank and DNB bank for EUR 1 billion.
 
Nordea Bank and DNB bank will retain an equal 20 % equity stake in Luminor. Additionally, Blackstone has entered into an agreement with Nordea to purchase their remaining 20 % stake over the coming years.
 
Ellex together with the global law firm Allen & Overy advised Blackstone on the acquisition of bank Luminor. The Ellex team was led by partner Sven Papp and senior associate Alla Kuznetsova in Estonia. This deal is the largest M&A deal in Baltic history.
 
Luminor was created through a merger of Nordea bank and DNB bank in the Baltics in 2017. It is the third largest bank in the Baltic region.
 
Blackstone is one of the world’s leading investment firms founded in 1985. The firm has over 24 offices with 2 500 employees worldwide. The portfolio companies employ over 400 000 people across the globe.
 
Read more here.