Sorainen Estonia acted as Estonian adviser for syndicate of banks in financing the investment of European Diversified Infrastructure Fund II SPSc, infrastructure fund managed by First State Investments, in Utilitas, Estonia’s largest district heating company and a leading renewable power producer. The syndicate of banks financing the transaction consisted of Skandinaviska Enskilda Banken, Crédit Agricole Corporate and Investment Bank and HSH Nordbank.

Sorainen team was led by partner Reimo Hammerberg and included senior associates Jane Eespõld and Kaido Künnapas.