TGS Baltic assisted Orac Holding NV in acquiring 100% of the shares of SIA Agency More Than from Dzintars Pauzers. The transaction was signed on 4 June 2024, closed on 7 June 2024 and registered on 12 June 2024.
Before the acquisition, SIA Agency More Than primarily distributed ORAC DECOR branded products in Latvia and a little in Lithuania. Orac Group was the main client of SIA Agency More Than.
Following this acquisition, Orac Holding NV will enter the downstream market, continue to strengthen its distribution of goods in Latvia and Lithuania and expand in Estonia.
TGS Baltic provided Orac Holding NV with full legal assistance, including tax and legal due diligence, the signing and execution of transaction documents, as necessary to implement the transaction.
Andra Rubene, Jānis Bite, Rūdolfs Vilsons, Anna Vaivade, Kaspars Treilibs and Evija Ābele provided Orac Holding NV with all the necessary legal support for the implementation of the transaction.
About Orac Holding NV
Orac Holding NV, brand ORAC DECOR, is a global leader in producing professional interior finishing materials. Orac Group distributes high-quality interior decoration materials, including cornices, mouldings, curtain cornices, baseboards, LED lighting profiles, and 3D panels. The materials of ORAC DECOR brand collections are durable, comfortable, easy to install, and practical to use.
For more information, please visit: https://www.oracdecor.com/en/
TGS Baltic is a top-tier full-service business law firm in Latvia, Estonia, and Lithuania, employing more than 170 lawyers across the Baltics https://tgsbaltic.com/
