Livonia Partners to acquire shareholding in Santa Monica Networks in Latvia and Lithuania

23.03.2017

 

Primus represents the minority shareholder of SIA Santa Monica Networks (SMN) in a sale of SMN shares to Livonia Partners Fund I, as well as renders legal assistance on further structuring of SMN shareholding. The deal is to be closed in summer 2017.

 

Santa Monica Networks  has vast experience in the development and maintenance of data transmission networks, offering establishment of corporate networks across the Baltic States, as well as the data security, unified communication, optical network and contact centre solutions. SMN is operating in the Baltic countries and Finland. The largest Latvian enterprises and the largest internet service providers are among the clients of the company.

 

Primus legal team is lead by partner Zane Eglīte - Fogele.

 

More information on the transaction here and here:

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