We advised Danish Northern Horizon A/S on the sale of its Estonian subsidiary, Northern Horizon Capital AS, the management company of the listed real estate fund Baltic Horizon Fund (BHF).
The transaction involves the sale of all 12,500 shares in Northern Horizon Capital AS to the partners of the private investment company Grinvest.
Through its Estonian subsidiary, Grinvest is currently the largest investor in BHF. Each of the three partners will acquire an equal share of the company, and the transaction is set to close upon receipt of regulatory approvals.
This strategic move allows Northern Horizon A/S to sharpen its focus on its core business of investing in Nordic social infrastructure.
Our services and client team
We advised the client on all legal aspects related to the transaction, including, but not limited to, negotiations, drafting of transaction documentation, financial regulatory matters, and notifying the Estonian Financial Supervision and Resolution Authority.
Our team was led by partners Piret Jesse and Kätlin Krisak. They were supported by the team, including counsels Robin Teever, Jane Eespõld and Agnietė Venckienė; and associates Ieva Tuckute and Meri-Ly Karjus-Mustafayev.
