Sakret Holdings has completed a refinancing of existing bank liabilities
Sakret Holdings has completed a refinancing with Luminor Bank to secure future growth plans.
Sakret Holdings is a Latvia-based group operating under the global Sakret franchise. The company produces dry ready-made mixes and liquid mixes for the construction industry, such as tile adhesives, masonry and repairing mortars, dry concrete, and external thermal insulation component systems (ETICS). The company is among the largest producers of ready-mix construction materials in the Baltics with over 25% market share in all three countries. The company operates four production plants in the Baltics: two in Riga, Latvia, one in Kedainai, Lithuania, and one in Paide, Estonia. Sakret's plant in Lithuania is the largest production plant of dry construction mixes in the Baltics.
Oaklins' team in Riga advised both Sakret Holdings and their former bank – Luminor Bank – on a complex transaction to refinance the existing debt liability with the bank. To establish a market price for equity, a sale process was run with selected strategic investors. Once Sakret Holdings and Luminor bank agreed on the haircut amount for the loan, Oaklins' team advised on the best debt structure and approached regional banks and alternative financing providers for their offers.
Chairman of the Council, Sakret Holdings
Sprechen Sie mit dem Deal-Team
Reinholds R. Razums
Grupo Radio Centro has restructured its public debt
Grupo Radio Centro has successfully completed a US$82.5 million public debt restructuring.Mehr erfahren
Maner Builders Supply Co. has been acquired by US LBM Holdings, LLC
The shareholders of Maner Builders Supply Co. have sold the company to US LBM Holdings, LLC. Additionally, Maner also sold its real estate to STORE Capital (STORE) in a sale-leaseback transaction.Mehr erfahren
IDP has been acquired by Nazca Capital
The founders of IDP have sold the company to Nazca Capital S.G.E.I.C., S.A.Mehr erfahren