Norton Rose acted for the documentation agent, Merita Bank, with respect to a £62.5m facility given to AB Leituvos Telekomas, a Lithuanian telecommunications company. Norton Rose also advised Nordic Investment Bank on a parallel £15.6m facility. The money will be used to refinance existing short-term debt and to fund investment in technology before the liberalisation of the Lithuanian market in 2003. The deal represents the largest ever private loan to Lithuania. Banking partner Stephen Parish led the team. Dr Dalia Foigt of Lithuanian firm Regija advised both banks as Lithuanian counsel. Corporate partner Andre Andersson from Swedish law firm Mannheimer Swartling advised AB Leituvos Telekomas.
Eversheds acted for the management sellers on a £43m management buy-out of aerospace company Page Group Holdings. Corporate partner Martin Issitt led the team. Travers Smith Braithwaite, led by corporate partner David Adams, acted for ABN Amro Private Equity and the new company. Berwin Leighton, led by corporate partner Fabrizio Carpanini, acted for the institutional seller, Eagle Star Insurance. Dickson Minto, led by banking partner Colin McHale, advised Bank of Scotland, which provided financing.
