Advised on acquisition of prominent entertainment companies and arenas

Motieka & Audzevicius Corporate and M&A team represented UAB DG21 in the acquisition of companies operating largest arena in Vilnius – Siemens Arena, first international level arena in Lithuania’s capital; the largest arena in Panevėžys – Cido Arena, international level universal leisure and sports center; one of the leading ticket distribution and advertising services agencies – Tiketa and related company Seven Live, which is responsible for organizing concerts and shows.

The target companies altogether are involved in organizing a significant number of prominent entertainment and other events in Lithuania.

The acquisition is still pending competition clearance from Lithuanian Competition Council.

Our team led the transaction from the buyer’s side and was assigned to prepare the deal documents, including the share purchase agreement, participate in negotiations, prepare the merger control application and conduct legal due diligence.