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We advised the Estonian technology company Milrem Robotics on raising 5.5 million euros. Within the framework of the capital raising transactions that took place this and last year, several well-known Estonian investors contributed to the company. Investment in the companys development Jüri Käo, Peeter Mänd, Heldur Meerits, Taavi Veskimägi, Gunnar Kraft, Toomas Bergmann, Urmas Past […]
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We are advising Fortum Corporation in the purchase by its subsidiary Fortum Heat Estonia who is acquiring a 40% stake in the district heating and cooling group Fortum Tartu from Giga. Increasing flexibility With the transaction, Fortum increases its ownership in Fortum Tartu to 100% (from 60%). With this step Fortum is looking to increase the flexibility […]
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We advised Communications & Power Industries (CPI) upon acquiring SATCOM Technologies, the antenna systems business of General Dynamics. The transaction was funded using a new committed debt financing. Wide range of products The newly acquired business will be called CPI Satcom & Antenna Technologies. It will be owned and operated as a subsidiary of CPI, […]
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We advised investment funds led by Livonia Partners on selling the majority stake in Thermory, a producer of thermally modified wood and sauna materials. As a result of the transaction, the Estonian capital-based UG Investeeringud, previously a minority shareholder in the company, became the majority owner. The transaction was approved by the Estonian Competition Authority. […]
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We advised venture capital fund Open Circle Capital on investing in marketing startup Billo. In the pre-seed investment round, Billo attracted almost EUR 500,000 investment from Open Circle Capital, 70Ventures and SOSV. Startup offers innovative community marketing solutions The idea behind the Billo platform is that brands post interactive content creation tasks to the user […]