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Efenco raises EUR 1 million to revolutionise the energy sector
We advised Efenco, an Estonian startup that promises to revolutionise the green revolution in the energy sector, on raising capital. Focus on growth Efenco, which is developing a carbon-neutral combustion solution that would help use fossil fuels much more efficiently, raised a million euros and is looking to raise a further EUR 10 million in […]
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FoodDocs raises USD 2.4 million to boost expansion in the US and UK
We advised FoodDocs, the innovator in the food safety industry, on raising USD 2.4 million to solve food safety compliance issues with the help of Artificial Intelligence. Growing international reach The investment round was led by Bonnier Ventures with Forward Venture Capital and Spring Capital along with existing investor United Angels VC. FoodDocs will use […]
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Certares enters into strategic partnership with Avia Solutions Group
Certares, a US-based investment specialist dedicated to the travel, tourism and hospitality sectors, acquired a stake in Avia Solutions Group (ASG). Certares will provide a EUR 300 million structured equity investment to ASG. The transaction is subject to customary conditions and approvals and is expected to close in Q4 2021. Our pan-Baltic team conducted legal due […]
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Forus Grupp acquired Tulika Takso
We advised Forus Grupp, a real estate maintenance and security services provider, in acquiring Tulika Takso from Tulika Grupp. Tulika Takso is the oldest operating taxi company in Estonia. Increased safety and synergy Urmas Sõõrumaa, the owner of Forus Grupp, says that Forus Grupp is planning to add a safety factor to taxi services. “It’s […]
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Vattenfall to become a minority shareholder of Fermi Energia
We advised the state-owned Swedish energy group Vattenfall on making a seed investment of EUR 1 million to become minority stakeholder of Fermi Energia, a small-scale nuclear power plant developer in Estonia. Future nuclear generation “With this minority investment, Vattenfall can contribute our know-how and work jointly on feasibility studies about costing, supply chain and […]