Merhels moves to new premises

01 October 2021
During the last week of September Merhels moved its office to new premises at Republikas laukums 3-124. It is just 1 minute walk from the firm’s previous office at Citadeles 12 and is located in Centra Nams property. Entrance to the office is from the first floor and close to Miķeļa/ Citadeles street intersection.

Merhels assists EVERNORD with their investment into NOVIRA PLAZA project

14 April 2021
Merhels provided transaction advisory support to Evernord Real Estate Fund III with their acquisition of controlling stake in developer of Novira Plaza business centre. Within the transaction Merhels performed tax due diligence of the developer.

Merhels assists ALTUM Capital fund with their investment into OC Vision

31 March 2021
Merhels provided transaction advisory support to ALTUM Capital fund on issue of convertible loan in amount of 7 million euro to OC Vision. OC Vision group is the largest player within vision correction industry in the Baltics. It offers products for various customer segments via use of well-known brands such as Vision Express, Vizionette, OptiO, Dr.Lensor. As part of the transaction, Merhels performed financial and tax due diligence of OC Vision group companies and analysed tax consequences of the proposed transaction structure.

Finance Monthly Deal Maker Awards 2021

09 March 2021
‘Finance Monthly’ has announced Merhels as the M&A Advisory Firm of the Year Latvia as part of Finance Monthly Deal Maker of the Year Awards 2021.

Working from home

16 December 2020
Covid-19 pandemic has changed the way we do many things these days. Working from home is one of those aspects and the new normal for us. It is not to say that there are no souls in the office at all. But there certainly will be none from 21 December to 4 January. So, call us during standard working days if you need us.

Merry Christmas and Happy New Year to you, your dear ones and every soul on this planet!

Transparency report 2019

15 January 2020
Merhels has issued its Transparency Report for 2019. Transparency report is a public statement of our commitment to provide thorough audits. It briefly describes how we manage our audit practice and perform audits.

Click here to access the report.

Subsequent to inspection of its audit practice Merhels (the Firm) is assigned grade “A”

18 December 2019
Merhels is obliged to submit itself to an inspection of its audit practice performed by the Latvian Association of Certified Auditors (LZRA). Such inspections are carried out at least once in 6 years. The inspection process includes evaluation of policies and procedures applicable to the Firm’s audit practice. Further, the inspection team reviews select financial statements, audit reports and engagement files.

We welcome Egons Liepiņš with joining Merhels

17 October 2019
We are pleased to announce, that Egons Liepiņš in October 2019 joined our audit and financial advisory team. He is well known and respected certified auditor and financial expert here in Latvia. Egons commenced his professional activities more than 30 years ago. 15 of those he spent at Riga office of international audit firm EY, initially as audit director and subsequently as tax partner. Further Egons has solid CFO, transaction advisory and investment making experience. Egons very much enforces our capabilities within audit and financial advisory.

Merhels assists BPM with financing buy-out of Smiltenes Piens

30 August 2019
Merhels provided transaction advisory support to BPM Mezzanine Fund SICAV-SIF, SCA BPM Capital (“BPM”) within the context of BPM financing the buy-out of Smiltenes Piens AS (“Smiltenes Piens”). Smiltenes Piens is one of the leading Latvian dairy companies with a broad and high-quality product portfolio. Smiltenes Piens stands out with its excellent choice of cheese products, which are very popular in the Latvian market. Within the deal Merhels assisted BPM with financial and tax due diligence of Smiltenes Piens.

Merhels becomes a member of LCCI

19 August 2019
On 19 August 2019 Merhels became the member of Latvian Chamber of Commerce and Industry (LCCI). We expect actively using LCCI ecosystem to grow our network of contacts and obtain new knowledge and information relevant for our professional activities.

‘Acquisition International’ Finance Awards 2019

16 August 2019

On 14 August 2019 ‘Acquisition International’ (AI) has announced Merhels as the winner of the award ‘Best SME Accountancy Firm 2019 - Latvia’.

A link to the supplement and full recipient list is HERE. The 2019 International Finance Awards press release can be found HERE.

Edvards Merhels, managing partner of Merhels, comments: “I am very proud for my team to receive the ‘Best SME Accountancy Firm - Latvia’ award, in fact third time in a row. It may seem easy going but in fact it is opposite – once you achieve something, getting to next level never becomes easier. So big and sincere thanks to my team for their hard work, innovation and dedication!”

Merhels assists Ekspress Grupp with acquisition of Biļešu Paradīze

11 June 2019
Merhels provided financial advisory support to AS Ekspress Grupp (“Ekspress Grupp”) on their acquisition of Biļešu Paradīze SIA (“Biļešu Paradīzea”). Ekspress Grupp is the leading media group in the Baltic States whose key activities include web media content production, publishing of newspapers and magazines and provision of printing services in Estonia, Latvia and Lithuania. Biļešu Paradīze operates the electronic ticket platform ( and box offices to organise the sale of tickets to various entertainment events on behalf of event organisers. The company has provided online ticket distribution for more than 15 years and is one of the two leading ticket service providers in Latvia. Within the deal Merhels assisted Ekspress Grupp with analysis of Latvian ticketing market, business valuation and financial and tax due diligence of Biļešu Paradīze.

‘Acquisition International’ Leading Advisers Awards 2019

12 March 2019
On 12 March 2019 ‘Acquisition International’ (AI) has announced, that as part of AI’s Leading Advisers Awards Merhels has been recognised as Leading SME Accountancy, Tax and Business Advisory of the Year, Latvia.

Transparency report 2018

16 January 2019
Merhels has issued its Transparency Report for 2018. Transparency report is a public statement of our commitment to provide thorough audits. It briefly describes how we run the firm, perceive and perform audits.

Click here to access the report.