Livonia Sells Majority Stake in Glassense to Barrus
Deal News | Aug 15, 2025 | CEE Legal Matters
Sorainen has played an advisory role to Livonia Partners in the sale of its majority stake in Glassense to Barrus. Livonia Partners is a significant private equity player in the Baltic region, managing a EUR 157 million fund. Glassense, notable for being the top producer of insulated glass units and related products in the Baltics and Nordics, came into existence in 2022 after a merger between Klaasimeister and Baltiklaas, with Livonia taking a majority position and Barrus a minority one. The Sorainen legal team advising on this transaction includes Partner Toomas Prangli, Counsel Piret Lappert, and Senior Associate Kristi Tammiku. Livonia's exit reduces its role in Glassense, a firm that holds a critical position within the glass manufacturing sector across Northern Europe.
Sectors
- Private Equity
- Manufacturing
Geography
- Baltics – Both Livonia Partners and Glassense are operational in the Baltic region, central to this sale.
- Nordics – Glassense has significant market operations extending to the Nordics region.
Industry
- Private Equity – Livonia Partners is a private equity firm executing this significant sale transaction.
- Manufacturing – Glassense operates in glass manufacturing, being a leader in producing insulated glass units and related solutions in the Baltics and Nordics.
Financials
- EUR 157 million – Fund size managed by Livonia Partners
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Livonia Partners | Selling Company | Company | A pan-Baltic private equity firm managing a EUR 157 million fund. |
| Glassense | Target Company | Company | A leading manufacturer of insulated glass units, formed by a merger in 2022. |
| Barrus | Bidding Company/Buyer | Company | Previously a minority shareholder in Glassense, now moving to acquire majority stake. |
| Sorainen | Legal Advisor | Company | Advised Livonia Partners on the transaction. |
| Toomas Prangli | Partner | Person | Part of the Sorainen team advising on the sale. |
| Piret Lappert | Counsel | Person | Part of the Sorainen team advising on the sale. |
| Kristi Tammiku | Senior Associate | Person | Part of the Sorainen team advising on the sale. |