We are advising Baltic private equity investment fund Livonia Partners in the acquisition of Klaasimeister, an Estonia-based export-driven glass processing company. The parties have reached an agreement and the transaction is expected to close at a later date, subject to approval by the Estonian Competition Authority.

Bringing the company to next phase

Klaasimeister is a leading float and speciality glass processor specializing in providing insulated glass units and other glass products to complex facade projects. The company was established in 1997 and today operates a modern state-of-the-art production facility 30km from Tallinn. Throughout its history Klaasimeister has successfully serviced customers across Scandinavia and completed some of the most marquee projects such as Oslo airport and Helsinki library among others.

Says Kaido Veske, a founding partner of Livonia Partners: “Klaasimeister has enjoyed substantial growth and consistent profitability over a long period of time. Supporting such well-run internationally focused Baltic companies has become the handwriting for Livonia. The founders of the company have done an excellent job in building a great business. It is now our turn to help Klaasimeister reach the next stages in its development”.

“The investment in Klaasimeister, once closed, provides an excellent example of how pension funds can invest in the local economy and benefit from the growth of regional champions” adds Veske.

Our services and project team

We have advised Livonia Partners on all legal aspects of the transaction, including conducting the legal due diligence, drafting and negotiating the terms of the share purchase agreement, also supporting the client in merger clearance and other aspects of the transaction.

Our project team is led by partner Toomas Prangli, senior associates Piret Lappert and Piibe Lehtsaar, and associate Nele Suurmets.