Advising 20% shareholder of SIA VUDLANDE on buy-out of 80% shareholder of the company - Latvian Timber Ltd. (UK), obtaining 100% shares of SIA VUDLANDE as the result of the transaction

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03 / 17

TGS Baltic’s M&A team assisted 20% shareholder of SIA VUDLANDE (LV) with buy-out of 80% shareholder of the company - Latvian Timber Ltd. (UK), obtaining 100% shares of SIA VUDLANDE as the result of the transaction.

SIA VUDLANDE (LV) is a woodworking company operating for more than 20 years, manufacturing, purchasing, exporting and trading with lumber and surfaced timber, providing lumber harvesting services and acquiring and logging forest lands and harvest sites. In 2015, the turnover of the company was EUR 13 million, and the company employed 74 employees. 

Video about the company:  https://www.youtube.com/watch?v=CcufK2ggoJQ

Web page of the company: http://www.vudlande.lv/ 

The provided assistance included structuring of the transaction and it’s financing, including tax advice, as well as drafting of the transaction documents, negotiating and closing of the transaction, registration of securities and transfer of shares.

TGS Baltic team was led by Partner Ivars Grunte, Partner Andra Rubene and supported by Associates Raivis ZnotiņšRūdolfs Vilsons and Jekaterina Anohina.