Our fintech experts advised various virtual currency service providers in the licencing process under Estonia’s reformed AML Act. Our work included both obtaining new virtual currency service provider licenses as well as the renewal of existing VASP licences. Renewal of existing licenses We were engaged by Auto Coin Payments, the operator of the marketplace AutoCoinCars […]
Deals & Cases / Mirell Prosa, Toomas Prangli, Paul Künnap, Kaspar Endrikson, Hetti Lump-Kivisaari, Pirkko-Liis Harkmaa, Britta Retel, Sandra Mikli, Olivia Kranich, Kadri Puu, Elina Lumiste, Lee Raudsepp, Kevin Piho
We advised Energiasalv on acquiring EUR 11 million in additional financing for its EU Project of Common Interest (PCI project), the “Zero Terrain Paldiski” Pumped Hydro Energy Storage (PHS) plant in Estonia. Strengthening the financial position The funding includes strategic investments from Alexela, Sunly, Combiwood Grupp, Warmeston, and Kiikri Kodu. The financing aims to expedite […]
We are advising Sunly, an independent power producer, on raising EUR 30 million from the European Bank for Reconstruction and Development (EBRD). Increasing energy security As a result of the equity investment, the bank acquires a 5% minority stake in Sunly. The investment of the EBRD will enable Sunly to expand its renewable energy capacity […]
Deals & Cases / Toomas Prangli, Lauri Liivat, Kaupo Lepasepp, Piret Lappert, Piibe Lehtsaar, Kaspar Endrikson, Dr Kadri Härginen, Dr Carri Ginter, Liisa Maria Kuuskmaa, Mario Sõrm, Kadri Puu
We are advising Tallinn City Government in concluding a cooperation agreement to create a joint venture in the field of district heating, AS Utilitas Tallinna Soojus, which will be 33.34% owned by the City of Tallinn and 66.66% by the private limited company Utilitas. The joint venture will be a holding company that manages investments […]
We advised Novira Capital, an international company dealing with the financing and development of large real estate projects, on acquiring a 49% stake in Matek, the oldest and most experienced prefabricated timber frame house producer in Estonia. Record year Last year, Matek increased its revenue almost twice, by 90 per cent, to EUR 32.3 million. Furthermore, […]