Iki Lietuva Acquires LastMile from UAB Startcap
Deal News | Nov 14, 2024 | CEE Legal Matters
Iki Lietuva, a Lithuanian supermarket chain operated by Palink, has completed its acquisition of LastMile, an online grocery retail platform, from UAB Startcap. This move solidifies Iki Lietuva's position in the food delivery market by gaining full ownership of LastMile. The legal advisory for this acquisition was performed by Walless, a leading law firm. Previously, in 2021, Walless had also advised Iki Lietuva on acquiring an initial 67% interest in LastMile. TGS Baltic provided advisory services to UAB Startcap. The acquisition involved a comprehensive team from Walless, including Managing Partner Dovile Burgiene and several partners and associates.
Sectors
- Retail
- Legal Services
Geography
- Lithuania – Iki Lietuva and LastMile both operate in Lithuania, and the legal advisors, Walless and TGS Baltic, are Lithuanian firms.
Industry
- Retail – Iki Lietuva is a supermarket chain, and LastMile is an online grocery platform, both operating in the retail sector.
- Legal Services – Walless and TGS Baltic are law firms involved in advising on the acquisition.
Financials
- 67% – Initial stake in LastMile acquired by Iki Lietuva in 2021.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Iki Lietuva | Buyer | Company | A Lithuanian supermarket chain operated by Palink. |
| LastMile | Target Company | Company | An online grocery retail platform. |
| UAB Startcap | Vendor | Company | The company selling LastMile to Iki Lietuva. |
| Walless | Legal Advisor | Company | A law firm advising Iki Lietuva on the acquisition. |
| TGS Baltic | Legal Advisor | Company | A law firm advising UAB Startcap. |
| Dovile Burgiene | Managing Partner | Person | Managing Partner at Walless, involved in advising this acquisition. |