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International automotive group Inchcape Motors acquired the assets of United Motors, becoming the exclusive distributor for BMW Group in Estonia. The business acquired serves customers of BMW Group and KIA, employing more than 90 people at retail sites in Tallinn, Tartu, Pärnu and Kohtla-Järve. The transaction received approval of the Estonian Competition Authority in June. […]
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Deals & Cases / Paul Künnap, Pekka Puolakka
Sorainen Estonia advised Sanoma Media Finland on divestment of its fully owned subsidiary Sanoma Baltics to a consortium of management team members and a private equity investor BaltCap. Sanoma Baltics operates auto24.ee, the market leader in Estonian online car classifieds, and Kuldne Börs, an online generalist market place, among others. In 2016, the net sales […]
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Sorainen advised Lords LB Baltic Fund IV in the acquisition of an office building in central Tallinn known as EU House. The transaction posed some unique challenges due to the fact that the property is structured as a building title and parts of the building remained under reconstruction during the transaction. Additionally, the transaction involved […]
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Deals & Cases / Pekka Puolakka, Paul Künnap
Sorainen Estonia advised Estectus, an SEB group property portfolio management company, on the sale of the Scala City office building located in Tallinn city centre, to Colonna investors. The newly renovated office building with a total lettable area of over 5,000 m2 will be managed by Colonna. The seller’s advisors included Sorainen, Catella and Seven […]
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Sorainen is advising the Estonian Development Fund, a public institution established by the Estonian Parliament to support improvements in the Estonian economy through investment in knowledge- and technology-intensive Estonian business in the start-up phase, and SmartCap, a venture capital fund management company established by the Estonian Development Fund to manage venture capital Early Fund II, […]
