OREANDA-NEWS. September 10, 2013. SORAINEN advised the merger of two Estonian leading consulting companies, Innopolis Consulting and Advisio, and Lithuanian Civitta.

With signing of the merger agreement on 22 August in Tallinn, the largest local capital based consultancy in the Baltic and Western CIS region was established. Civitta will be used as the official trade mark of the alliance.

The joint company employs more than 80 people in Tallinn, Tartu, Riga, Vilnius, Minsk and Kiev offices. The value of consultancy projects and transactions advised by the merging companies exceeds EUR 1 billion. The consultancy portfolio involves more than 1,000 clients mainly in the Baltics, CIS, Central- and Western Europe, but also USA and Asia.

The transaction was advised by partner Toomas Prangli, specialist counsel Kadri Kallas and senior associate Piret Lappert.