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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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Insuro Technologies expands into the Baltics by acquiring Avalanche Laboratory
We advised the Swedish IT company Insuro Technologies on acquiring the Estonian software company Avalanche Laboratory. Rain Kirjanen, the sole owner of Avalanche, will continue as its CEO and a minority shareholder in Insuro Group. By joining forces, both companies can leverage each other’s strengths to grow and create additional sales opportunities. Exciting possibilities for […]
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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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Trinidad Wiseman sells majority shareholding to Helmes
We assisted Trinidad Wiseman and its shareholders in selling a majority shareholding in Trinidad Wiseman to Helmes. Trinidad Wiseman (TWN) is a service design and digital transformation company that employs more than 100 people and had a turnover of EUR 16.9 million in 2023. The company’s clients include Elisa, SEB Pank, City24, Telia, ERGO, Tallink, […]
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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 […]