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Prudentia's News and Opinions


Controlled Exit from Business and Planning for the Next Stage of Life
The Estonian Chamber of Commerce and Industry and Prudentia Advisory invite business owners and executives to participate in the seminar "Controlled Exit from Business and Planning for the Next Stage of Life." This seminar is designed for entrepreneurs considering selling their company or handing over management in the coming years and who wish to prepare for this systematically and intentionally. Throughout the day, a practical overview will be provided on: How to assess and
Feb 81 min read


Gren acquires Viljandi district heating company ESRO
Energy company Gren has signed an agreement to acquire the district heating company ESRO, marking the next step in Gren's ambitious...
Aug 1, 20243 min read


Kronospan acquires KS Terminal to strengthen operations in Freeport of Riga and New Nordics region
July 2024. Prudentia Riga is pleased to announce that it acted as the exclusive financial advisor to the shareholders of KS Terminal SIA,...
Jul 24, 20242 min read


One of Europe’s largest premium wine trading groups enters the Baltic market
One of Europe’s largest premium wine trading groups enters the Baltic market by acquiring a 50% share in a leading local wine wholesaler....
Oct 2, 20231 min read


TOP101 discussion: How Knowing Your Business Value Can Drive Further Value Creation
On January 25, 2023, TOP101 creators - Prudentia and Nasdaq Riga in collaboration with the Stockholm Schools of Economics in Riga (SSE...
Jan 25, 20231 min read


Latvia's leading parking system developer, SIA "BISS", changes ownership
A transaction has taken place in the Latvian information technology sector as part of which the electrical networks and building...
Jun 14, 20222 min read


Prudentia successfully advised shareholders in the sale of 60% stake of SIA “Lat Eko Food”
Prudentia represented SIA “VVMV”, an investment company owned by Vītols family, in the sale of its 60% shares to Egija Martinsone,...
Mar 1, 20221 min read


Advising on the restructuring of DeRoyal Estonia business operations
DeRoyal Industries Inc, an international manufacturer and marketer of healthcare products, turned to Prudentia to find the best solution...
Dec 13, 20211 min read


The Baltics region's leader in chemicals manufacturing is established
The Baltics region's leader in chemicals manufacturing is established with professional assistance from the Prudentia team. On December...
Dec 7, 20212 min read


Leading insurance broker in Central and Eastern Europe enters the Baltic States insurance brokerage
Prudentia acted as an exclusive sell-side financial advisor to the leading insurance broker in Latvia - R&D Insurance Broker in the...
Jan 25, 20212 min read


Prudentia was the financial advisor to one of the founders of Hawaii Express on exiting the company
Taivo Luik is one of the founders of Hawaii Express and a long-term member of the company’s management. Hawaii Express in one of the...
Dec 21, 20201 min read


One of the biggest technology M&A deals in the Baltic States in 2020 has been successfully completed
Prudentia Tallinn office acted as a local M&A advisor to fast-growth web hosting business, Miss Group, in the acquisition of UAB...
Nov 20, 20202 min read


Prudentia was an exclusive financial advisor to Jelgavas Dzirnavas in assets sale process
We are happy to announce that Prudentia team in Latvia was an exclusive financial advisor to Jelgavas Dzirnavas in assets sale to the...
Aug 18, 20201 min read


Consolis Group acquires Finnish and Latvian operations of TMB
Consolis Group, owned by the US investment firm Bain Capital, acquires Finnish and Latvian operations of AS TMB, a producer of concrete...
Apr 17, 20191 min read


Prudentia was an exclusive financial advisor to Consolis, a Bain Capital portfolio company
In 2017 Prudentia was attracted by one of the world’s leading private multi-asset alternative investment firms Bain Capital as an...
Apr 16, 20192 min read


Prudentia organized the share sales process of KMK Projekts - leading provider of traffic safety products
Within a very short period of time - only during the 5 months, transaction for sale of 100% shares of KMK Projekts, leading provider of...
Aug 6, 20181 min read


Prudentia consulted the founders of Latvian cosmetics manufacturer "Stenders" in a deal with CICC Ehealthcare Investment Fund
After almost year-long negotiations, Latvian cosmetics manufacturer Stenders, in cooperation with its long term franchise partner in...
Oct 26, 20171 min read


LETA: airBaltic attracts investor who is ready to invest about EUR 50 million
Riga, September 18, LETA. Latvian national airline airBaltic has managed to attract financial investors from Western Europe, who are...
Sep 18, 20154 min read


“Liepājas Metalurgs” Successfully Handed Over to the New Owners
On January 12, “Liepājas Metalurgs” insolvency administrator Haralds Velmers handed over the symbolic keys of the company to the...
Jan 12, 20152 min read
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