Baltic M&A Outlook 2023

The event is subtitled as “The end of the golden M&A stage”. Macroeconomic tensions such as soaring inflation and a predicted recession, as well as geopolitical risks, negatively affect the deals market. In bothglobal and European markets, there were about 30% fewer transactions during the first half of 2022. The participants of the event, including Tomas Kairys, Head of the European Bank for Reconstruction and Development (EBRD) in Lithuania, and others, will share their insights on whether the market has returned to pre-pandemic times after the record year of 2021. Lithuania is not an exception, and it is affected by general trends, or maybe vice versa?

During the event, we will also take a detailed look at mergers and acquisitions in Lithuania during recent years, focusing mainly on M&A transactions in the energy sector. We will also discuss about the attitude of investors towards our region.

PROGRAMME:

Event moderator: Dr Irmantas Norkus, Managing Partner at COBALT Lithuania

08:30 – 09:00 Registration, welcome coffee

09:00 – 09:10 Welcome speech

09:10 – 09:40 Business (un)usual

Tomas Kairys, Head of the Baltic States at EBRD

09:40 – 10:10 Corporate acquisitions in Lithuania, Latvia and Estonia: review of 2022/2023

Dr Juozas Rimas, Partner and Head of the M&A Practice Group at COBALT Lithuania

10:10 – 10:30 Coffee break

10:30 – 11:10 Panel discussion. From an “investor’s perspective”. Transactions in the energy and infrastructure sectors

Moderator:Elijus Burgis, Partner and Head of the Corporate Transactions Department at COBALT Lithuania

• Nerijus Drobavičius, Partner at „INVL Baltic Sea Growth Fund“
• Gediminas Uloza, CEO and member of the board, E energija group
• Jonė Vaitulevičiūtė, CEO, Firstpick
• Jonas Rimavičius, CFO, Executive board member, Ignitis group
• Šarūnas Skyrius, Partner at Superia

11:10 – 12:00Panel discussion. From a “business perspective”. Transactions in technology, health, manufacturing sectors

Moderator: Dr Juozas Rimas, Partner and Head of the M&A Practice Group at COBALT Lithuania

• Natalja Titova, Associate partner, Oaklins Baltics
• Lina Jasaitė, Managing director, Kilo Health
• Vytenis J. Buzas, Shareholder and CEO, Kongsberg NanoAvionics
• Arvydas Bložė, Partner, Practica Capital

REGISTRATION

https://bit.ly/3ZXpQrG

Please let us know about your participation by filling out the registration form by 15 February (Wednesday) 9 a.m.

We inform you that the personal data provided in the registration form will be processed as specified in this information notice >> https://bit.ly/3XNDKuG

TIME: 21 February (Tuesday), 09:00 – 12:00 (registration from 08:30 a.m.)

SPEAKERS

Tomas Kairysis a versatile professional with more than 20 years of experience in finance and banking. Tomas has a legal background and extensive regional and sector experience managing complex debt and equity projects in energy, infrastructure, transport and manufacturing industries as well as capital markets. Tomas has worked in Eastern Europe, Istanbul (Turkey), Beijing (China) and London (UK), has private practice and in-house experience. Currently, he is the Head of Baltics at the multilateral development bank (EBRD) with overall responsibility of the institution’s projects in the region and leads policy engagement in the Baltic countries.

Nerijus Drobavičiusis a Partner at „INVL Baltic Sea Growth Fund“. He has 16 years of experience in the field of financial analysis and management, accumulated in companies of different profiles (consulting, financial, manufacturing) and covering company audit, business evaluation, process implementation, work organization and other areas of activity.

Gediminas Uloza– CEO and member of the board at E energija Group, which is a holding of 20 companies with 250 employees operating in Lithuania, Poland and Ukraine with more than 25 years of experience in the energy sector.

Natalja Titovais an Associate partner at Oaklins Baltics in Vilnius. She has over 10 years of experience in corporate finance and investment banking, primarily in M&A in the Baltics and Nordics. She has particular expertise in healthcare, packaging, financial services, agriculture, food & beverage, retail and wholesale, as well as construction and logistics.

Lina Jasaitė is the Managing director and shareholder at the Kilo Group of companies (Kilo Health). Lina has been developing and growing this wellness startup with her team for 7 years. In addition to developing its own products, Kilo Health also invests in other health teams and companies.

Jonė Vaitulevičiūtė is the founder and managing partner of FIRSTPICK, an early-stage venture capital fund. Jonė has 10 years of experience in working with technological companies, their financing and acquisition, in the last 4 years she has invested in 57 companies. 

Vytenis J. Buzasis a Shareholder and CEO at Kongsberg NanoAvionics. Kongsberg NanoAvionics is a small satellite mission integrator focused on delivering new generation satellite buses and their mission services for the satellite applications market. With facilities in North America and Europe, NanoAvionics’ team consists of more than 250 driven and skillful employees.

Jonas Rimavičiusis a CFO and Executive board member at Ignitis group. Jonas is a strategic-level finance professional. Since joining the Ignitis group in 2016, Jonas has been leading M&A activities and capital raising projects, including Ignitis Group’s IPO, and Green Bonds issues. Additionally, Jonas has been serving as Chair and Member of the Management Board at Ignitis Renewables since January 2019.

Šarūnas Skyriusis a partner of Superia. With more than two decades of experience as an investment banker, Šarūnas contributed to important business sales and acquisitions and capital raising transactions, such as the purchase of Orkla Group’s fresh food division from UAB Mantinga, the sale of VIC Klinika to Inmedica, the quarterly Light Conversion share sales for the family office 7 Industries, Auga Group IPO, K2 LT private placement and inclusion in the First North alternative market. Šarūnas also laid the foundations for the Lithuanian corporate bond market in 2000-2003 by organizing more than 10 bond issues of various sizes and durations in litas, dollars and euros.

Arvydas Bložė is a Partner at Practica Capital. Focus on investments, fundraising. Joined the team in 2014 as the CEO of Startup.lt. Previously associate and associate partner at SEB Enskilda, pan-Baltic-Nordic investment bank and its Lithuanian spin off SUMMA Advisers in Lithuania.

Dr Irmantas Norkusis the Managing Partner of COBALT Lithuania, with over 25 years of extensive experience in private and public M&A, competition, banking and finance. During his career, Dr Norkus has led numerous landmark cross-border and domestic transactions and projects and has handled some of the most complex antitrust matters of recent times. He has represented a broad range of high-profile corporate clients, investment funds, issuers, financial institutions and institutional investors. Dr Norkus’ exceptional and impeccable service has earned him a reputation as a leading lawyer in his areas of practice.

Elijus Burgis is a Partner and Head of the Corporate Transactions Department at COBALT Lithuania. He has more than 20 years of experience in advising on different M&A, banking, project finance and competition law matters. International law directories have ranked him among the leading Lithuanian experts in M&A, Banking and Competition law. During the years of his practice, Mr Burgis has been an adviser in a number of the largest M&A transactions and financing projects in Lithuania and has also advised clients on various matters related to corporate, banking and finance, securities and competition law.

Dr Juozas Rimas is a Partner and Head of the Mergers and Acquisitions (M&A) Practice Group at COBALT Lithuania, specialising in the fields of M&A (Private Equity) and Corporate Law. Juozas Rimas holds a PhD in Law (2010), which he received from Vilnius University for a thesis on corporate law issues in private equity transactions. Dr Rimas has led a number of M&A projects in different sectors where he was in charge of structuring, due diligence, negotiations and general project management, as well as corporate restructuring (including business transfer, merger and spin-off procedures).