We advised Novira Capital, an international company dealing with the financing and development of large real estate projects, on acquiring a 49% stake in Matek, the oldest and most experienced prefabricated timber frame house producer in Estonia.
Last year, Matek increased its revenue almost twice, by 90 per cent, to EUR 32.3 million. Furthermore, in Sweden, the largest project in the company’s history with 550 module rental apartments, based on Matek’s own concept, was partially completed, and the next project based on the same concept was contracted and delivered.
Our services and client team
We advised Novira in all stages of the process, starting from the structuring, drafting and concluding of investment and option agreements, the shareholders agreement and other transaction documents. The transaction is subject to merger clearance.
The client team was led by partner Piret Jesse and also included counsels Piret Lappert and associate Kadri Puu.