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Transforming the Baltic business technology landscape
We advised Digmatix on acquiring 100% of the shares in BCS Itera, a leading Estonian technology company specialising in Microsoft solutions. This strategic acquisition brings together two prominent regional Microsoft solution partners and solidifies Digmatix’s status as the top Microsoft Business Applications partner in the Baltic region. The deal enhances Digmatix’s expertise and broadens its […]
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Renowned game studio’s first investment in the Brazilian gaming industry
We advised Riot Games Investment Holdings on investing in a Brazilian video game developer, Bit Cake Studio. Riot Games Investment Holdings led the investment round which also saw investment from 1Up Ventures Fund II, GameVentures, and Fund I, a series of Explorer.gg. The funds raised will be directed towards expanding Bit Cake Studio’s game studio, […]
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Sunly gains European Investment Bank backing
We advised Sunly, a renewable energy producer, on securing a EUR 62 million loan from the European Investment Bank (EIB) and local commercial banks SEB Pank and Luminor Bank. This funding will be used to build and operate a solar park, accelerating the Baltic region’s transition to green energy and strengthening electricity independence. The EIB […]
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Mustamäe Spa is bringing in new shareholders
We represented Mustamäe Spa during the expansion of its ownership. Since 27 September, a 50% stake in Mustamäe Spa has been held by OT Service, a company owned by the successful racing driver Ott Tänak and his wife Jaanika Tänak. The management rights will remain with the current sole owner, Andres Tiik. OÜ Mustamäe Spa […]
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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 […]