Motieka & Audzevicius has advised the UAB Re Verum Group on its acquisition of a funeral home at 22 Olandu Street in Vilnus and UAB Ritualas from UAB Laidotoviu Rumai. TGS Baltic advised the sellers.
UAB Ritualas has been described in the media as "one of the largest funeral services companies in Lithuania and Europe." The first building of the complex on Olandu Street was built and opened for business in 1975, with a second building opening in 1986.
Financial details of the transaction were not disclosed.
According to Motieka & Audzevicius, “with this transaction, the Re Verum group of companies has completed the first stage of investments – consolidating funeral homes in major Lithuanian cities.”
The Motieka & Audzevicius team included Partner Giedrius Kolesnikovas, Senior Associates Raminta Stravinskaite and Rokas Jankus, and Associates Darius Amsiejus and Aivaras Grigas.
TGS Baltic’s team consisted of Partner Dalia Tamasauskaite-Ziliene, Senior Associate Indre Vickaite-Liatuke, Associate Paulius Dabulskis, and Legal Assistant Evelina Vaisvilaite.