PwC advised on the acquisition of a stake in the well-known restaurant chain Lido

PwC was honoured to advise on a deal, as a result of which OÜ Treeland, an Estonian company that is a subsidiary of OÜ Mirrow Institute, acquired a 51% stake in the Latvian restaurant chain Lido.

Lido was established in 1991 and has a share capital of 1.292 mln €. Lido group comprises Lido Domina, Lido Nekustamie Ipasumi, and three companies registered in Estonia - Lido Eesti, Lido Mustamae and Odil Eesti.

PwC Estonia and PwC Latvia advised the buyer on financial and tax due diligence. PwC Estonia’s team included Teet Tender, Allar Karu, Tanja Kriisa and Martin Tois. PwC Latvia’s team included Vita Sniķere, Oskars Rode, Zlata Elksniņa-Zaščirinska, Agate Zīverte, Zane Korņenkova and Tatjana Kļimoviča.