Sun, Oct
52 New Articles

Sorainen Latvia Advises Eltel Networks on Management Buy-Out

Sorainen Latvia Advises Eltel Networks on Management Buy-Out


Sorainen has advised Eltel Networks on the management buy-out of of its business operations in Latvia in which Eltel District Manager Jurijs Kokorevics acquired 100% of the shares.  

According to Sorainen, "Eltel is a leading Northern European provider of technical services for critical infrastructure networks – Infranets – in the segments of power, communication, and other. The company’s operations [are] spread throughout the Nordics, Poland, and Germany, providing a broad and integrated range of services ... from maintenance and upgrade services to project deliveries."

Sorainen describes Eltel’s Latvian business operations as consisting of "design, construction, and maintenance works for power distribution and power transmission networks in Latvia." According to the firm, in 2016, these operations generated net sales of EUR 4.7 million and were "marginally loss-making." the company currently employ 91 people. 

The Sorainen Latvia team was led by Senior Associate Renate Purvinska and Country Managing Partner Eva Berlaus.

Latvian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

All News about Cobalt can be found here.


Our Latest Issue