We are advising Baltic private equity investment fund Livonia Partners in the acquisition of Klaasimeister, an Estonia-based export-driven glass processing company. The parties have reached an agreement and the transaction is expected to close at a later date, subject to approval by the Estonian Competition Authority. Bringing the company to next phase Klaasimeister is a […]
Deals & Cases / Toomas Prangli, Kai Vainola, Nele Suurmets
We advised Lowell, Europe’s second largest credit management company, on divesting its Estonian subsidiary Lowell Estonia to an Estonian-based debt collection agency Julianus Inkasso. Focus on Nordic core markets Petri Koivunen, Director of Lowell Estonia tells that the Lowell Group acquired Lindorff AS in Estonia in 2016 and has decided now to exit the Estonian […]
Deals & Cases / Toomas Prangli, Isabella Barbara Tisenhusen, Nele Suurmets
Sorainen advised Canadian Forest Products (‘Canfor’) in acquiring Vida Packaging Eesti. The transaction is connected to Canfor’s 70 percent acquisition of Swedish company VIDA Aktiebolag. “With the acquisition of VIDA, we are excited to become a truly international manufacturer and provider of wood product solutions for our global customers,” said Don Kayne, President and Chief […]
Deals & Cases / Mantas Petkevičius, Inga Macijauskaitė, Aurelija Daubaraitė, Evaldas Dūdonis, Agnė Sovaitė, Zane Paeglīte, Santa Rubīna, Alīna Kalviša, Isabella Barbara Tisenhusen, Nele Suurmets, Anneli Krunks
Sorainen advised Aon Baltic, the biggest insurance broker company in the Baltics, and Balto Link on their cross-border merger. Balto Link and its subsidiary in Latvia as well as Aon Baltic subsidiaries in Lithuania and Latvia were merged into Aon Baltic. The merger was completed on 2 November 2018. The merger was the final step […]
Sorainen advised A-Ülevaatust on its acquisition of Rael’s inspection stations. A-Ülevaatus is the biggest vehicle inspector in Estonia, operating in Tallinn, Tartu, Viljandi, Rakvere and Räpina. Says Andres Soots, A-Ülevaatus board member: “Together with the purchase-sale agreement we acquired the customer database as well”. He added that personnel will stay the same. The Sorainen advisory team […]