Sorainen Estonia advised The Climate Corporation, a subsidiary of Monsanto Company, in the acquisition of VitalFields, a European farm management software company based in Estonia. The VitalFields team will join The Climate Corporation, strengthening the company’s efforts to deliver industry-leading digital technologies to farmers around the world. Says Mike Stern, chief executive officer of The […]
Wihuri, a Finnish company operating in technical trading, sold its Estonian, Latvian and Lithuanian subsidiaries to Avesco. The transaction was complicated due to the fact that it involved resolving a series of technical pre-closing arrangements and simultaneous closing in three jurisdictions. The Sorainen pan-Baltic team led by partner Pekka Puolakka also included, among others, senior […]
Livonia Partners, the pan-Baltic private equity firm, has agreed to acquire Hortes, the leading retail brand for home and gardening products in Estonia. Livonia will support the company in realising its strong regional growth potential. “Retail is one of the strongest industries in Estonia, consistently outperforming GDP, and Hortes is one of Estonia’s most successful […]
Sorainen Estonia assisted DT Group Finland, part of the world’s leading specialist distributor of plumbing and heating products, in divesting 100% of Puukeskus shares in a management buy-out to Atso Matsalu, the long term CEO of the company. Puukeskus is the leading distributor of wood-based building materials in Estonia, having started operations in 1996. The […]
SORAINEN is assisting Rexel in selling its activities in the Baltics. With this divestment, along with simultaneous divestment of operations in Poland and Slovakia, announced on 20 January 2016, Rexel is continuing its disposal programme. Completion of the transaction remains subject to approval by the competition authorities. SORAINEN assisted in the Baltic tax structuring of […]