M&A

As M&A transactions are becoming increasingly complex, adequate legal support is crucial in managing such intensive projects. We advise our clients from preparing correct documentation and holding negotiations to ensuring smooth and efficient completion of the transactions.

Our M&A lawyers include in their number some of the most widely respected attorneys in the field in the Baltic countries. The extensive experience and industry knowledge of our attorneys permits our clients to access comprehensive, industry-specific, yet wide-ranging services, and benefit from an in-depth approach to the complex aspects of M&A transactions, whatever industry sector the client operates in.

We provide all-inclusive and inventive solutions to M&A transactions by leveraging the expertise of our colleagues in other practice areas, for instance corporate, competition and anti-trust, intellectual property, labour and tax areas.

Our expertise extends from practice to legislation—we have actively participated in the development and drafting of M&A related regulations.


Due diligence
Transaction Structuring
Contractual Negotiations
Shareholders´ Agreements
Real Estate M&A
Management Buyout (MBO)
 Leveraged Buyout (LBO)
Take-over Bids
Joint Ventures
Corporate Mergers, De-Mergers and Reorganizations
Post-Merger Integration & Corporate Restructuring

  • In co-operation with Arnold & Porter and Dewey & LeBoeuf advising a major international pharmaceutical company in its EUR 320 million bid for pharmaceutical group AB Sanitas. The legal advice also included performance of legal due diligence, representation at negotiations and extensive advice on the regulatory environment for public M&As.
  • Advising the Norwegian investment fund, Orkla Finans, and its management company Inova Baltic, on the acquisition and financing of a 30,000 m² logistics center.
  • Advising the Swedish East Capital Fund on its M&A acquisition issues in Lithuania as well as in connection to its share deal acquisitions of major retail and office buildings in Vilnius and Klaipeda.
  • Representing the vendors  in the sale of the largest radio station in Latvia—Radio SWH— to an Irish company, Communicorp Group.
  • Representing the vendors in the sale of the majority of the shares in a boutique financial advisor, the Baltic Investment Company, to KBC Securities N.V.
  • Advising Eesti Ühispank (now an Estonian subsidiary of SEB) in mergers with commercial banks Põhja-Eesti Pank and Tallinna Pank.
  • Advising the largest complex of cargo and passenger ports in Estonia, AS Tallinna Sadam, and the Estonian Ministry of Economic Affairs and Communications in acquiring the shares of the railway operator AS Eesti Raudtee (Estonian Railways) with a total value of EUR 200 million.
  • Advising Baltcap Private Equity Fund L.P. and the fund manager Baltcap, a leading dedicated private equity and venture capital investor in the Baltic States (formerly owned by CapMan and Evli) on the sale of a leading Baltic IT consultancy firm, IT Koolituskeskuse OÜ to MicroLink Eesti AS, also in acquiring two wind parks and a private equity based gas distributor, Energate OÜ.
  • Advising AS Tartu Veevärk (the second largest water supplier in Estonia) on the sale of  shares in its subsidiary AS Eesti Veevärk in a competitive bidding process.
  • Advising Kodukolde Kinnisvara OÜ, a sole shareholder of AS Vastse-Kuuste Lihatööstus, one of the largest meat-processing companies in Estonia, in selling the shares of AS Vastse-Kuuste Lihatööstus to Atria Oy.

Publications