A joint team of PwC experts advised the Estonian company “Defood OÜ”, owned by “Mirrow Institute”, on the acquisition of the Lithuanian restaurant chains “Delano” and “Can Can Pizza”.
Under the terms of the share sale-purchase agreement, both chains were sold to “Defood OÜ”. Currently, “Mirrow Institute” owns 45 restaurants across Estonia and Latvia.
In this deal, PwC experts successfully provided buy-side financial and tax due diligence, as well as other transaction advisory services.
The financial due diligence team included:
- Teet Tender, PwC Estonia Country managing partner
- Raul Ruubel, PwC Estonia Head of deals
- Petras Misiūnas, PwC Lithuania Senior project manager, Deals
- Violeta Kirilovaitė, PwC Lithuania Project manager, Deals
- Lukas Petkevičius, PwC Lithuania Senior associate, Deals
The tax due diligence team included:
- Nerijus Nedzinskas, PwC Lithuania Country managing partner
- Greta Liutkutė, PwC Lithuania Project manager, Tax & legal services
- Tomas Janeika, PwC Lithuania Senior associate, Tax & legal services
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