We advised in the sale of shares of Elecster Estonia, a wholly-owned subsidiary of Elecster, to Lucky Hammerhead.

Focused on the metal industry

As a result of the transaction, Lucky Hammerhead acquired 100% of the shares in Elecster Estonia. The transaction amount of the entire share capital is approximately EUR 8.3 million.

Elecster Estonia is involved in the production of machinery and lease of office and commercial premises. The total area of production and office premises is 12,000 m2 located near central Tallinn, 4,600 m2 of the premises is used by the company for own purposes and 7,000 m2 is let out.

Our services and client team

We advised Elecster at all stages of the transaction, including negotiations and preparation of transaction documents, as well as on the finalizing the transaction.

Our client team was led by partner Paul Künnap, supported by senior associate Mirjam Vichmann, associate Kristi Tammiku, and assistant lawyer Joosep Kuusk.

More information (in Finnish).