Advised client in the acquisition of a controlling stake in one of the largest passenger land carriers in Lithuania

Our Corporate and M&A team advised UAB C Company, a company established and managed by Zabolis Partners investment group, on its strategic acquisition of a controlling stake in UAB Tolimojo keleivinio transporto kompanija (doing business under brand TOKS). TOKS is a leading player in Lithuania’s passenger land transportation sector, offering national and international bus services.

This acquisition marks a significant milestone for UAB C Company as it strengthens its position in the transportation industry and aligns with global efforts toward sustainability and innovation.

We played an integral role in this landmark transaction by delivering end-to-end legal support and strategic guidance. Our team conducted thorough due diligence on the target, with particular attention to the implications of recent legislative changes that have reshaped the passenger land transportation system in Lithuania.

Leveraging our expertise, we:

  • structured the transaction to align with the client’s strategic objectives;
  • drafted all critical documentation for the share acquisition and related agreements;
  • secured merger clearance and necessary permits;
  • supported the legal aspects of obtaining financing;
  • facilitated the successful closing of the transaction.

This acquisition positions C Company to drive TOKS towards a sustainable and electrified future, aligning with global trends in green transportation. By combining TOKS’s operational expertise with C Company’s strategic vision, this deal creates significant opportunities for growth and transformation within the industry and with this strategic investment C Company is set to make a meaningful impact on the transportation industry in Lithuania and beyond.

By addressing the complexities of the transaction with precision, we enabled our client to achieve their strategic objectives efficiently and effectively. This success exemplifies our dedication to fostering long-term partnerships and delivering impactful results.

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