Delfi Expands Event Portfolio with EBIT and HR Week Acquisitions
Deal News | Dec 20, 2024 | CEE Legal Matters
Delfi Lithuania, a prominent news website operating in Estonia, Latvia, and Lithuania, has acquired the EBIT and HR Week conferences held in Lithuania and Latvia. These acquisitions are part of Delfi's strategy to broaden its range of event formats, targeting specific topics and business audiences. This approach aims to diversify its revenue streams and support sustainable growth. The legal advisory for this transaction was provided by Ellex, a renowned law firm in the region. The Ellex advisory team was led by Partners Ramunas Petravicius and Marius Juonys, Senior Associate Arvydas Gruseckas, and Head of Tax Gintaras Balcius. The news outlet CEE Legal Matters attempted to reach out to the counterparty's legal representative, but the response wasn't received within the customary 24-hour timeframe before publication.
Sectors
- Media & Broadcasting
- Legal Services
- Events & Conferences
Geography
- Lithuania – The acquisition includes events based in Lithuania.
- Latvia – The acquisition includes events based in Latvia.
- Estonia – Delfi operates in Estonia, making it a relevant geography.
Industry
- Media & Broadcasting – Delfi operates as a news website, indicating its primary business in media.
- Legal Services – Ellex, a law firm, provided legal advisory services for the acquisition.
- Events & Conferences – The acquisition pertains to event management and conference hosting.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Delfi Lithuania | Acquirer | Company | A news website operating in Estonia, Latvia, and Lithuania. |
| Ellex | Legal Advisor | Company | A law firm providing legal advisory services for the acquisition. |
| Ramunas Petravicius | Partner | Person | A partner at Ellex involved in the transaction. |
| Marius Juonys | Partner | Person | A partner at Ellex involved in the transaction. |
| Arvydas Gruseckas | Senior Associate | Person | A senior associate at Ellex involved in the transaction. |
| Gintaras Balcius | Head of Tax | Person | Head of Tax at Ellex involved in the transaction. |