OREANDA-NEWS. October 27, 2010. SORAINEN Latvia represented Primekss, a leading European industrial flooring specialist, in obtaining an investment of EUR 1.4 million from BaltCap, an investment fund operating in the Baltics, one of two investment funds in Latvia managing JEREMIE (Joint European Resources for Micro to Medium Enterprises) funds, reported the press-centre of SORAINEN.

JEREMIE is a joint initiative launched by the European Commission and the European Investment Bank group to improve access to finance for small and medium size enterprises (SMEs) in the European Union for the period 2007-2013.

The transaction is special as it is one of the first closed transactions involving JEREMIE funds in Latvia. SORAINEN advised Primekss SIA in negotiating an investment agreement with BaltCap (as a result of the transaction BaltCap acquired approx 47% of the shares in Primekss) and closing the transaction. SORAINEN partner Eva Berlaus and senior associate Renate Purvinska handled the transaction.