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Sunly gains European Investment Bank backing
We advised Sunly, a renewable energy producer, on securing a EUR 62 million loan from the European Investment Bank (EIB) and local commercial banks SEB Pank and Luminor Bank. This funding will be used to build and operate a solar park, accelerating the Baltic region’s transition to green energy and strengthening electricity independence. The EIB […]
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Mustamäe Spa is bringing in new shareholders
We represented Mustamäe Spa during the expansion of its ownership. Since 27 September, a 50% stake in Mustamäe Spa has been held by OT Service, a company owned by the successful racing driver Ott Tänak and his wife Jaanika Tänak. The management rights will remain with the current sole owner, Andres Tiik. OÜ Mustamäe Spa […]
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Gjensidige sells its business in the Baltics
We advised the Norwegian non-life insurance company Gjensidige Forsikring on signing a sale agreement for its business in the Baltics with Ergo International, the company that manages Ergo’s international business portfolio. Deal value – EUR 80 million. The transaction will be completed upon receiving approvals from the authorities, including the Lithuanian, Latvian and Estonian competition […]
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AI defence technology company Helsing establishes Helsing Estonia
We advise the German artificial intelligence defence technology company Helsing on establishing its Estonian subsidiary and investments in Estonia. As part of its expansion, Helsing will invest EUR 70 million in its Estonian branch over the next three years. Investments strengthen Estonia’s defence capability and the economy According to Helsing, establishing the company Helsing Estonia […]
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Green technology company Cuploop raises EUR 2 million
We advised the Estonian green technology company Cuploop on raising EUR 2 million from SmartCap Green Fund and the Danish Impact Investment Fund Footprint Firm. Solving the global debris problem Cuploop develops the technology needed to circulate reusable packaging. With the capital raised, Cuploop plans to improve the reliability of its technology and develop final […]