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Progress in development of offshore wind farms in Estonia
We advised Edel Offshore Wind regarding opportunities to develop offshore wind farms in Estonia, including participating in the auctions for superficies licences in the Liivi 1 and Liivi 2 sea areas. These were Estonia’s first auctions to initiate superficies licence processes. This licence is required to place electricity production installations on the seabed and to […]
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Largest Baltic deal of this decade: Salling Group agrees to acquire RIMI Baltic
Salling Group, the largest retailing group in Denmark, agreed to acquire RIMI Baltic which operates retail chains in Latvia, Lithuania and Estonia. With a valuation of EUR 1.3 billion, this marks the largest Baltic transaction during this decade. Sorainen partner Laimonas Skibarka comments: “This will be one of the largest investments in the Baltics to […]
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Renowned chef Jörgen Kohal divests interests in Poke Bowl and MEZE
We advised Jörgen Kohal, a decorated and highly renowned Estonian chef in divesting his interests in the businesses comprising the Poke Bowl and MEZE brands. The interests were acquired by Jörgen Kohal’s business partner and co-founder of the businesses, Mikk Rajaver. Poke Bowl was established in 2018 and is Estonia’s first and largest restaurant chain […]
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Wildix secures investment from Livonia, paving the way for revolutionary retail communication
We assisted the Wildix group in securing an investment from Livonia, one of the largest private equity investors in the Baltic region. Wildix is an innovative software company focused on cloud and browser-based unified communications solutions and VoIP products. Wildix has been recognised as one of the leading players in UCaaS. The purpose of the […]
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SAPA acquires Promens Holding, one of Estonia’s largest plastics companies
We advised Berry Global, a US-based manufacturer and seller of plastic packaging products, in the sale of its shareholding in Promens Holding OÜ to SAPA S.p.A., an Italian industrial group specialising in the production of cutting-edge components for the automotive industry. As part of the transaction, SAPA also acquired Promens Zevenaar N.V., the Dutch entity […]