FDD & valuation — Laflora Energy (buyer Latvenergo)
September 2024
PwC advised Latvenergo in the acquisition of Laflora Energy with a view to building a wind power plant (WPP) with a total capacity of 108.8 MW at the former peat mining site of the peat producer Laflora – Kaigi Bog in Līvbērze Rural Territory and starting electricity production in 2026. PwC performed a financial and tax due diligence and valuation of the acquired company.
FDD — Elagro Trade (buyer Linas Agro)
September 2024
PwC advised Linas Agro SIA during the acquisition process of the Latvian grain exporter Elagro Trade SIA, one of Latvia’s leading grain, seed, crop protection, and fertilizer businesses. Linas Agro SIA is a part of Akola Group AB who owns a leading agricultural and food production group in the Baltics. PwC performed a financial and tax due diligence on the acquired company.
Sell-side advisory — Cesars (buyer Bidfood Lietuva)
July 2024
PwC advised the shareholders of Cesars SIA, the leading Asian cuisine foodservice distributor in Latvia and the Baltic States, on its sale to Bidfood Lietuva UAB. We provided full-scope management of the transaction, including preparing the marketing materials, identifying and engaging investors, coordinating due diligence process, assessing and negotiating received bids, as well as managing all parties involved until the successful completion of the transaction.
FDD & valuation — Telšių vėjo parkas (client Latvenergo)
July 2024
PwC advised Latvenergo in the acquisition of Telšių vėjo parkas. The acquisition will already enable Latvenergo to start wind power generation with a capacity of 124 megawatts (MW) in the first quarter of 2026. We performed a financial and tax due diligence and a valuation of the acquired company.
FDD — Ikea Baltics (buyer Inter IKEA Systems)
June 2024
PwC advised Inter IKEA Group (Inter IKEA Systems B.V.), the world-wide IKEA franchisor and owner of the IKEA Brand, in the acquisition of Ikea retail operations in the Baltics. This acquisition aims to integrate the entire IKEA value chain within the Baltic region, enabling a deeper understanding and enhancement of the IKEA concept, thereby delivering increased value to IKEA customers. Together with PwC Estonia, PwC Lithuania and PwC Netherlands, we provided financial, tax, and HR due diligence services.
FDD — Rīgas Enerģija (buyer Gren)
March 2024
PwC advised one of the leading energy production companies in Northern Europe Gren in the acquisition of Rīgas Enerģija. As a result of the transaction, Gren will already own two CHP plants that produce heat for the city of Riga, significantly increasing the supply of heat generated. We provided financial and tax due diligence services, as well as transaction structuring consultations.
FDD — Grindplast (buyer Žalvaris)
March 2024
PwC advised Žalvaris in the acquisition of a majority stake in the Latvian plastic waste recycling company Grindplast SIA by conducting a financial, tax and legal due diligence on the acquired company. The transaction allows Žalvaris to manage plastic waste generated in their industrial activities more efficiently and gain plastic waste recycling capacity.
Sell-side advisory — Strabag
January 2024
PwC acted as the lead sell-side advisor to STRABAG AG on the divestment of STRABAG SIA core assets in Latvia, with transactions executed with multiple local strategic investors. The sale process was organized in connection with the cessation of operations in Latvia of the road construction company STRABAG SIA. We led the transaction together with PwC Austria.
Advising purchases and sales, due diligence services, valuations, financial modelling, and much more
In addition to the above, the deals’ team of PwC Latvia performed several other projects, which included due diligence services, valuations, financial modelling and more. We have several ongoing M&A projects and hope to provide more detailed information on those in 2025.
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