Transaction co-financed by BlueOrange receives Baltic M&A and Private Equity Award

October 26, 2017

The Baltic M&A and Private Equity Forum held this October featured the announcement of Baltic M&A and Private Equity Award winners. The Outbound Deal from the Baltics 2017 Award went to the Lauma International acquisition of Felina in Germany.

Lauma International is a lingerie manufacturer from Liepāja. In June, it acquired Felina, a women’s lingerie manufacturing and trading group from Germany. The transaction was financed by a consortium of two Latvian banks – Citadele and BlueOrange (formerly Baltikums Bank AS). It will help Lauma expand operations and create a new vertically integrated group with total revenue of over EUR 75 million and total staff of 1,250.

The deals of the year 2017 were picked by an independent Baltic jury, based on criteria such as transaction value, strategic significance for the Baltic region, complexity, innovation, financing structure, and involvement of regional representatives.