News

Merhels has issued its Transparency Report for 2022. 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.

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We are pleased to be among those brave accountants who took part in the first Accountants' Championship organized by iFinanses magazine on September 9, with Merhels being represented by two teams! The championship was a platform for testing social competencies that are necessary for great accountants - logical and strategic thinking, the ability to work with a large amount of data, noticing and evaluating important details, creativity, communication and other skills. We are happy to note that in the competition of 18 teams ‘MERHELS Gold Team’ won the 3rd place and the Ministry of Finance's sympathy award, and we are proud of ‘MERHELS Great Four’, which took part in this challenge!

Greatest asset of Merhels is its employees, our strength is the team!

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Merhels provided transaction advisory support to BPM Mezzanine Fund II (“BPM”) within the context of BPM providing financing to Digital Mind AS (“Digital Mind”). Digital Mind is a market leader in its core field of operations - digitalization of business processes and has a diversified customer portfolio of local blue-chip companies and governmental authorities in Latvia, as well as in Estonia. Within the deal Merhels assisted BPM with financial and tax due diligence of Digital Mind.

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Merhels provided transaction advisory support to INVL Baltic Sea Growth Fund (“the Fund”) on their acquisition of 100% of shares of B2Y SIA (“B2Y”), a growing personal care products and cosmetics producer, headquartered in Latvia. B2Y distributes its products under Bio2You brand. It also produces under private label contracts. The Fund seeks to assemble a diversified portfolio of companies, that showcase high growth potential and the ability to compete on a truly global basis. The Fund is managed by one of Lithuania’s leading asset management companies INVL Asset Management, which is part of the Invalda INVL group. Within the deal Merhels assisted the Fund with financial and tax due diligence of B2Y.

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Merhels provided transaction advisory support to Lexicon Interactive AB (“Lexicon Interactive”) on their acquisition of 80% of shares of Novitus SIA (“Novitus”). Lexicon Interactive is industry leader in digital learning in Sweden, whereas Novitus is the first specialized e-learning company in Latvia. Within the deal Merhels assisted Lexicon Interactive with financial and tax due diligence of Novitus.

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Merhels has issued its Transparency Report for 2021. 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.

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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.
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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.

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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.

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‘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.
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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!

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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.

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