News

We are pleased to announce that Maruta Zorgenfreija and Aija Punāne, former partners at PKF Latvia, are joining Merhels together with the client portfolio they have served and developed over many years. Both are experienced and highly respected certified auditors with extensive knowledge of the Latvian business environment, strong and long-standing client relationships, and a firm commitment to delivering the highest standards of technical quality and client service. Their clients will continue to benefit from Maruta’s and Aija’s personal involvement and accumulated expertise while gaining access to Merhels’ broader capabilities in accounting, transfer pricing, tax, transaction advisory and financial consulting. This business combination significantly strengthens our audit practice, expands our professional team and enhances our ability to provide clients with high-quality, practical and comprehensive solutions.

---

We are pleased to announce, that as of February 16, 2026, Kaspars Banders has joined our transfer pricing and tax advisory team. He is well known and highly respected transfer pricing and tax advisory specialist here in Latvia. Kaspars commenced his professional activities 16 years ago by joining PwC Latvia tax team. Subsequently he moved to KPMG Latvia where he was a director leading transfer pricing department.
Read More...

---

Merhels has issued its Transparency Report for 2025. Transparency report is a public statement of our commitment to provide thorough audits. It briefly describes how we perceive audits and manage our practice.
Click here to access the report.

---

Merhels provided transaction advisory support to Cēsu Alus on acquiring shares of Valmiermuižas Alus. Both entities are well known and recognised beer producers in Latvia. Completion of transaction is pending green light from the Latvian Competition Council. Within the transaction Merhels assisted Cēsu Alus by executing financial due diligence of Valmiermuižas Alus.

---

Merhels has issued its Transparency Report for 2024. Transparency report is a public statement of our commitment to provide thorough audits. It briefly describes how we perceive audits and manage our practice.
Click here to access the report.

---

Merhels provided transaction advisory support to Merito Management Target Fund II (“the Fund”) on acquiring controlling interest in fast-growing Latvia based e-commerce company Adaptive Media SIA (“Adaptive Media”). Adaptive Media participates in various affiliate marketing programmes and has global footprint. The Fund is managed by Merito Partners, fast growing Latvia based private equity investor. Within the deal Merhels assisted the Fund with financial and tax due diligence of Adaptive Media.

---

Merhels has issued its Transparency Report for 2023. Transparency report is a public statement of our commitment to provide thorough audits. It briefly describes how we perceive audits and manage our practice.
Click here to access the report.

---