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Sorainen and M&A Advise on Sale of Seven Entertainment's Lithuanian Businesses to DG21

Sorainen and M&A Advise on Sale of Seven Entertainment's Lithuanian Businesses to DG21

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Sorainen has represented Seven Entertainment and its shareholders in the sale of Lithuania's Siemens and Cido multi-purpose arenas, Tiketa ticket distribution company, and Seven Live event organization company, to Lithuania's DG21. Motieka & Audzevicius advised the buyer on the deal.

Financial details of the deal, which remains contingent on approval by Lithuania's Competition Council, were not disclosed.

Sorainen’s team consisted of Partner Algirdas Peksys and Senior Associate Jonas Kiauleikis. 

Motieka & Audzevicius’s team included Partner Giedrius Kolesnikovas, Senior Associate Rokas Jankus, and Associates Laurynas Ramonas, Aivaras Grigas, and Darius Amsiejus.

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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

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