On 20 December 2022, Swedish company BETHOC AB signed the transaction to acquire 100% shares of Latvian company SIA SPORT REVOLUTION from the previous shareholders of Latvian company SIA JLSR and SIA Xstunda, each owning 50% of the share capital of the company.
As a result of the transaction, a natural person, a 100% shareholder of SIA JLSR, one of the previous shareholders of Latvian company, continued with BETHOC AB by receiving a stake in BETHOC AB in exchange for SIA JLSR owned 50% of the shares of SIA SPORT REVOLUTION. At the same time, a natural person, a 100% shareholder of SIA Xstunda, the other previous shareholder of the Latvian company, exited by selling SIA Xstunda owned 50% of the shares of SIA SPORT REVOLUTION.
On 21 December 2022, the transaction was closed, and on 22 December 2023, the post-closing actions were completed.
About Better Hockey
Better Hockey offers players the best and highest quality hockey training aids in the industry. Better Hockey brand, no middlemen, and huge purchasing volumes mean that their prices are well below other stores for similar quality. More than 100 players in the NHL and tens of thousands of young hockey players worldwide have taken their game to the next level with the help of Better Hockey™ products. Better Hockey has top-performing off-ice products to help players improve their shooting, passing, and stickhandling skills.
About SIA SPORT REVOLUTION
Although SPORT REVOLUTION was established in Latvia, the European Union, 90% of its products are made for export. They have 25 dealers worldwide in Europe and 5 elsewhere (including USA and Australia).
https://www.sport-revolution.com/
TGS Baltic partner Andra Rubene, senior associate Anna Vaivade and associate Kaspars Treilibs ensured full transactional support for this deal.
