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Lowell to divest its Estonian business unit to Julianus Inkasso
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 […]
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Havas Media Group acquires majority holding in Idea Group
Sorainen advised Havas Media Group in acquiring 51% of the shares in Idea Group, which is said to be one of the biggest investments in the Baltic marketing and communications market. Havas was founded in Paris in 1835 and is now one of the world’s biggest communication agencies with a turnover of more than EUR […]
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Livonia Partners invests in business management platform Scoro
Sorainen assisted Livonia Partners, a dedicated private equity investment firm in the Baltics, in leading a EUR 4.4 million Series A round closed by business management software provider Scoro. The company will use the funds to expand its New York and London offices and develop the platform’s deep integration and machine learning capabilities. The investment involved […]
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CTS Engtec buys SystemTest
Sorainen Estonia advised CTS Engtec on the purchase of SystemTest, an Estonian company supplying industrial and infrastructure projects with high-quality industrial automation systems, which it designs, produces and puts into operation. CTS Engtec provides engineering, project management and consulting services in the fields of energy, forestry, mining, petrochemicals and the chemical industry sector. Sorainen advised […]
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Port of Tallinn IPO
Sorainen together with Cleary Gottlieb Steen Hamilton acted as legal advisor to the international syndicate of banks consisting of Citigroup, Carnegie Investment Bank, Erste Group, Swedbank and LHV in the first IPO of a state-owned entity in Estonia since 1999 and the first Estonian IPO with an international element since 2012. The shares of Port […]