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An Estonian defence startup raised nearly EUR 8 million to develop an innovative communication system
We advised the Estonian defence startup Wayren on securing a strategic investment agreement worth EUR 7.9 million with EFA Group, one of the world’s leading defence industry groups. The goal of this collaboration is not merely to raise funds, but to refine the pilot project and prepare for large-scale production and delivery. An uninterrupted battlefield […]
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Mehiläinen, Invalda INVL Group, Vinted and Elenger presented with awards for Baltic Deals of the Year 2025
Yesterday, the Baltic Deals of the Year were announced at the Baltic M&A and Private Equity Forum 2025 in Tallinn. The winners were Finnish-based Mehiläinen, Lithuania’s Vinted and Invalda INVL Group, and Estonia’s Elenger, part of the Infortar group. Award Winners 2025 The Baltic M&A Deal of the Year is Mehiläinen’s acquisition of InMedica. The […]
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Blossom Capital invested in Estonian defence industry company Frankenburg Technologies
We advised a London-based venture capital fund in investing EUR 2 million in the Estonian defence industry company Frankenburg Technologies. Founded just last year, Frankenburg Technologies plans to use the funds raised for further development of anti-aircraft missiles. Blossom Capital invests in the future of Estonian defence technology “Frankenburg’s goal is to develop technology that […]
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A new player in defence and cyber security
We advised New Nordic Asset Management during the process of obtaining an activity licence from the Financial Intelligence Unit and registering with the Estonian Financial Supervision and Resolution Authority. This allows them to act as a small fund manager for a limited partnership fund, focused on investing in high-potential startups in the national security, defence technology, […]
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Client alert: Lithuanian Competition Council intensifies scrutiny of defence sector
With Lithuania’s defence budget increasing, the Lithuanian Competition Council (LCC) has identified the defence sector as one of the key enforcement priorities for 2025. As a result, the LCC will closely monitor procurement processes to prevent anti-competitive agreements, and is working with the Ministry of National Defence to ensure compliance with competition laws. This follows […]