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Sorainen advised the Foodout Group, a leading mobile and internet food delivery and takeaway startup in the Baltics, on its merger with Eda.ua, the largest Ukrainian food delivery startup. The combined company is due to start operating in Belarus shortly. The Foodout Group operates in six countries (Ukraine, Belarus, Lithuania, Latvia, Estonia and Iran) with […]
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International automotive group Inchcape Motors acquired the assets of United Motors, becoming the exclusive distributor for BMW Group in Estonia. The business acquired serves customers of BMW Group and KIA, employing more than 90 people at retail sites in Tallinn, Tartu, Pärnu and Kohtla-Järve. The transaction received approval of the Estonian Competition Authority in June. […]
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Deals & Cases
German investor Ralf Dieter Montag-Girmes has sold his stake in Latvia’s national carrier airBaltic to Danish entrepreneur Lars Thuesen. Latvian Prime Minister Mâris Kuèinskis commented that all the latest developments in airBaltic have been taking place in order to strengthen the company. In 2015, Mr Montag-Girmes acquired 20% of the Latvian airline’s shares for an […]
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News
Bloomberg recently released its Global M&A Market Review Legal Rankings for the first quarter of 2017. After a strong first quarter, Sorainen is ranked among Top 3 law firms in the Nordic region: Source: Bloomberg’s Global M&A Market Review Legal Rankings (Q1 2017) The Bloomberg M&A Advisory League Tables are the definitive publication of M&A advisory […]
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Deals & Cases / Paul Künnap, Pekka Puolakka
Sorainen Estonia advised Sanoma Media Finland on divestment of its fully owned subsidiary Sanoma Baltics to a consortium of management team members and a private equity investor BaltCap. Sanoma Baltics operates auto24.ee, the market leader in Estonian online car classifieds, and Kuldne Börs, an online generalist market place, among others. In 2016, the net sales […]
