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Leading Baltic real estate investment company issues EUR 30 million in bonds
We advised Summus Capital, one of the leading commercial real estate investment companies in the Baltics, on raising EUR 30 million through the public offering of bonds. First-ever public offering available to retail investors This marks the company’s third ever bond issuance; however, the previous two were targeted only at institutional investors. This was their […]
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A new player in defence and cyber security
We advised New Nordic Asset Management during the process of obtaining an activity licence from the Financial Intelligence Unit and registering with the Estonian Financial Supervision and Resolution Authority. This allows them to act as a small fund manager for a limited partnership fund, focused on investing in high-potential startups in the national security, defence technology, […]
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GS Core received operating authorisation for debt collection
We advised GS Core on applying for an operating licence from the Estonian Financial Supervision and Resolution Authority (Finantsinspektsioon). GS Core is part of the Swedish financial holding company Marginalen AB and is involved in both credit purchasing and credit management. The client submitted the licence application to Finantsinspektsioon on 13 September 2024, which made […]
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Loan comparison platform Sortter obtained credit intermediary licence
We advised the Finnish fintech company Sortter Oy’s Estonian arm, Sortter OÜ, on obtaining a credit intermediary licence in Estonia. Establishing Estonian arm By establishing and licensing its Estonian subsidiary, Sortter extends its well-established loan comparison services to the Estonian market through its local website, sortter.ee. Sortter’s expansion into Estonia is driven by a commitment […]
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Gjensidige sells its business in the Baltics
We advised the Norwegian non-life insurance company Gjensidige Forsikring on signing a sale agreement for its business in the Baltics with Ergo International, the company that manages Ergo’s international business portfolio. Deal value – EUR 80 million. The transaction will be completed upon receiving approvals from the authorities, including the Lithuanian, Latvian and Estonian competition […]