Sorainen has advised the INVL Baltic Sea Growth Fund on its acquisition of the Nemunas and Egles Sanatorija treatment centers in Lithuania.
The transaction remains contingent on regulatory approval.
According to Sorainen, the INVL Baltic Sea Growth Fund, with its total size of EUR 165 million, is one of the largest private equity funds in the Baltics, with the European Investment Fund acting as its anchor investor.
Nemunas is a treatment center in Birstonas, Lithuania. Egles Sanatorija is a SPA and treatment center in Lithuania that provides rehabilitation, rest, and medical services in Druskininkai and Birstonas.
According to Sorainen, “in terms of short-term plans, it is planned to invest in the renovation and repurpose the buildings. Not only will this increase the energy efficiency of the buildings, but it will also help to offer a number of new, innovative procedures.”
Sorainen’s team included Partners Mantas Petkevicius, Daivis Svirinas, and Asta Augutyte-Rapkeviciene, Senior Associates Laura Matuizaite and Edita Dauksiene, Associates Gabriele Raizyte, Giedre Citaviciute, and Auridas Litvinas, and Assistant Lawyer Danas Sniute.
Sorainen did not reply to our inquiry on the matter.