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Sorainen Advises Pet Baltija on Acquisition of Tesil Fibres

Sorainen Advises Pet Baltija on Acquisition of Tesil Fibres

Latvia
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Sorainen has advised Pet Baltija on its acquisition of Tesil Fibres. Reportedly, German firm Lupp + Partner advised Tesil Fibres on the sale.

Pet Baltija is a polyethylene terephthalate recycler operating in Northern Europe. It is managed by INVL Baltic Sea Growth Fund and belongs to the environmental and waste management group Eco Baltia.

Tesil Fibres is a Czech Republic-based fiber producer and a spin-off of Silon.

“This agreement to acquire reinforces INVL Baltic Sea Growth Fund’s goal of significantly expanding PET Baltija through both organic growth and bolt-on acquisition strategies,” commented INVL Baltic Sea Growth Fund Executive Partner Deimante Korsakaite.

Sorainen’s team included Partner Mantas Petkevicius and Senior Associates Mindaugas Dominykas Baniulis and Laura Matuizaite.

 

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