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Motieka & Audzevicius Advises Orion Fund on Private Bond Investment in Germany

Motieka & Audzevicius Advises Orion Fund on Private Bond Investment in Germany

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Motieka & Audzevicius, working with Osborne Clarke, has advised the Orion Private Equity Debt Fund I on the EUR 7 million acquisition of secured mezzanine bonds issued by Austrian real estate developer Soini Asset to finance its real estate projects in Germany. Fieldfisher reportedly advised Soini Asset.

The Orion Private Debt Fund I is a Lithuanian-based private debt fund. Soini Asset is a real estate investment manager in Austria.

"To our knowledge, this is the biggest Lithuanian private debt fund transaction in the history of Lithuania and probably the first time when a Lithuanian fund has a direct investment in Germany," Orion Asset Management Board member Benas Poderis commented. "At the moment, Soini Asset is developing projects of more than EUR 175 million in value, such as the 60,000 square-meter Galileo and 20,000 square-meter Asto Maender near Munich, Germany, and logistics centers in Linz, Graz, and Vienna, in Austria."

The Motieka & Audzevicius team included Partner Giedrius Kolesnikovas and Senior Associates Aivaras Grigas and Sigita Zavisiene.

The Osborne Clarke team was led by Germany-based Counsel Olexiy Oleshchuk and included Partners Heiko Petzold and Phillip Reeb, Senior Associate Theresa Viegener, and Associates Charlotte Mager and Julian Heyermann.