Kerstin Jürgenson
Associate
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On maternity leave.
Attorney Kerstin Jürgenson specialises in securities markets, contract and company law as well as mergers and acquisitions. Kerstin has extensive experience in conducting the public offers of shares and bonds. She also advises clients in their day-to-day corporate and contract law mattes and the reorganization of activities. Kerstin also handles employment law issues.
Kerstin graduated from master’s studies at the University of Tartu cum laude and has completed the Dikaiosyne Summer School on Comparative Constitutional Law. She also came in 3rd at the Estonian Law Moot Court Competition.
Kerstin has previously acquired knowledge and experience in internships at the Constitutional Review Chamber of the Supreme Court and at the Office of the Chancellor of Justice.
Kerstin graduated from master’s studies at the University of Tartu cum laude and has completed the Dikaiosyne Summer School on Comparative Constitutional Law. She also came in 3rd at the Estonian Law Moot Court Competition.
Kerstin has previously acquired knowledge and experience in internships at the Constitutional Review Chamber of the Supreme Court and at the Office of the Chancellor of Justice.
Kerstin Jürgenson
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Advising LHV Group AS in relation to the public offer, listing and admission to trading of subordinated bonds
Our Partner Gerli Kilusk, Senior Associate Helen Ratso and Associate Kerstin Jürgenson are advising LHV Group in relation to the public offer, listing and admission to trading of subordinated bonds. In total 16,000 subordinated bonds with a nominal value of 1,000 euros will be offered.
LHV offers publicly up to 16,000 subordinated bonds under the name of “LHV Group subordinated bond 28.11.2028” with the nominal value of 1,000 euros, an interest rate of 6.0% per annum and maturity date 28.11.2028. The Company has the right to increase the offering volume until the issue date by EUR 4 million and issue up to 4,000 additional subordinated bonds as a result of which the total number of the bonds offered may be up to 20,000 and the total volume of the offering up to EUR 20 million. The public offering is carried out only in Estonia.
The offering is the first part of LHV’s previously approved bond program. Under the program, LHV intends to issue subordinated bonds in a total volume of up to EUR 45 million in the course of several issues.
Read more HERE.
We are advising BaltCap Private Equity Fund II on the acquisition of Kaarli Hambapolikliinik OÜ
BaltCap through its holding company DenCap Investments acquires one of the leading
Estonian dental care providers Kaarli Hambapolikliinik OÜ. This is the largest deal in the dental care sector in Estonia.
BaltCap is the leading dedicated private equity and venture capital investor in the Baltic states (Estonia, Latvia and Lithuania ). BaltCap has a long experience in the medical sector and is strongly established in the field. The company is or has previously been the owner of several well-known companies in the Estonian medical sector: occupational health care company Qvalitas, the largest medical laboratory services provider SYNLAB (ex Quattromed) and clinical research organization eGeen. BaltCap also owns Unimed Group and their dental clinics in Tallinn, Tartu and Pärnu, as well as a dental laboratory Dental Design. In Lithuania BaltCap is the owner of the InMedica chain of primary care and specialized clinics, and Labochema, which offers laboratory supplies in the Baltics.
Kaarli Dental Lab was established in 1999 in Tallinn, Estonia. It is one of the biggest dental laboratories in Estonia with dental clinics in three locations in Tallinn, where they provide dental care using modern techniques and treatment methods. In 2017 Kaarli Dental Lab’s total turnover was 9.4 MEUR.
The deal is advised by Partner Ermo Kosk, Counsel Toomas Kasesalu, Senior Associates Sandra Värk, Dmitri Rozenblat, Associates Marilin Laud, Kerstin Jürgenson and Merlin Liis.
Estonian dental care providers Kaarli Hambapolikliinik OÜ. This is the largest deal in the dental care sector in Estonia.
BaltCap is the leading dedicated private equity and venture capital investor in the Baltic states (Estonia, Latvia and Lithuania ). BaltCap has a long experience in the medical sector and is strongly established in the field. The company is or has previously been the owner of several well-known companies in the Estonian medical sector: occupational health care company Qvalitas, the largest medical laboratory services provider SYNLAB (ex Quattromed) and clinical research organization eGeen. BaltCap also owns Unimed Group and their dental clinics in Tallinn, Tartu and Pärnu, as well as a dental laboratory Dental Design. In Lithuania BaltCap is the owner of the InMedica chain of primary care and specialized clinics, and Labochema, which offers laboratory supplies in the Baltics.
Kaarli Dental Lab was established in 1999 in Tallinn, Estonia. It is one of the biggest dental laboratories in Estonia with dental clinics in three locations in Tallinn, where they provide dental care using modern techniques and treatment methods. In 2017 Kaarli Dental Lab’s total turnover was 9.4 MEUR.
The deal is advised by Partner Ermo Kosk, Counsel Toomas Kasesalu, Senior Associates Sandra Värk, Dmitri Rozenblat, Associates Marilin Laud, Kerstin Jürgenson and Merlin Liis.
Ellex Raidla advises the sale of Olympic Entertainment Group AS to Odyssey Europe AS for 288.5 MEUR
Ellex Raidla team advises HansaAssets OÜ and Hendaya Invest OÜ on the sale of Olympic Entertainment Group to Odyssey Europe AS.
Odyssey Europe, a company belonging to the Novalpina Group, has announced its intention to make a takeover bid for the acquisition of shares of Olympic Entertainment Group AS at a price of 1.9 euros, which is 3.26% higher than the weighted average exchange price of the last six months for OEG shares.
The two majority shareholders of Olympic Entertainment Group AS, Armin Karu and Jaan Korpusov, have already accepted the offer.
Armin Karu commented in the press release that having started a small business in Estonia 25 years ago, he is proud that OEG has grown into such a large-scale enterprise with an exemplary business model and a strong position in six EU member states." The Novalpina Capital team has considerable experience with such investments that help companies expand their operations both geographically as well as digitally. Their vision is impressive and I am sure that they will become OEG's proud and business-driven owner. As the largest shareholder, I find the price offered fair and I encourage the shareholders to accept the offer," said Karu.
Madis Jääger, Chairman and CEO of OEG, also pointed out that over the years, Olympic has expanded its activities outside the home market in the Baltic States. "In the future, in the face of ever-increasing competition in online games, we need to increase our investments in the digital platform. We are confident that Novalpina Capital will be a good choice as a future owner to support these investments," he said.
After concluding the deal, the buyer intends to stop listing the shares of Olympic Entertainment Group AS on Nasdaq Tallinn Stock Exchange.
Novalpina Capital is a European private equity investment company, focusing on majority investments in medium-sized European companies. Before the establishment of the company in 2017, its founders were top European investment executives in leading global investment companies.
The transaction is advised by Ellex Raidla entertainment lawyers Gerli Kilusk, Ermo Kosk and Associate Kerstin Jürgenson. Learn more about the industry here.
We advised BaltCap Private Equity Fund and Unimed Ühendatud Kliinikud on the purchase of Eurodent Dental Clinic
Ellex Raidla Team advised BalCcap Private Equity Fund and Unimed Clinics on the purchase of the Eurodent Dental Clinic.
Unimed Clinics is one of the leading Estonian private medical centre that focuses on dental treatment and orthodontics. Unimed operates in Tallinn, Tartu, Pärnu and nine other smaller locations all over Estonia. The Group employs a total of 276 people. It is owned by management board members and since the end of 2015 by the investment firm BaltCap.
According to Marja-Liisa Alop, Chief Executive Officer of Unimed Clinics, the purchase of Eurodent is part of Unimed's plan to provide high-quality treatment and best patient experience. "We want to bring together the best dental clinics to create a strong base for sharing best practices, professional development, and collaboration opportunities between top players in our field. We are expanding to be the most comprehensive medical care institution in the dental sector," explained Alop.
The transaction was advised by Ellex Raidla’s Partner Ermo Kosk, Senior Associate Sandra Värk and Associate Kerstin Jürgenson.
We advised AS LHV Varahaldus and Swedbank Investeerimisfondid AS on a 25MEUR investment in the bonds of Alexela Tanklad OÜ
We advised pension funds managed by AS LHV Varahaldus and Swedbank Investeerimisfondid AS - in relation to a 25MEUR investment in the bonds of Alexela Tanklad OÜ, which was used to finance the purchase of the Euro Oil petrol station chain.
Chairman of the board of the Alexela group Andreas Laane told Estonia’s business daily Äripäev that they had been looking for suitable financing for over 6 months and the it was decided to raise money from pension funds because of the duration of the financing, which gives a benefit in the cyclical nature of the economy. "If it is possible for banks to talk about a maximum of five years of funding, then the funding of pension funds is ten years," said Laane.
The transaction was advised by Ellex Raidla’s Partner Ermo Kosk, Counsel Toomas Kasesalu, Senior Associates Dmitri Rozenblat and Sandra Värk, Associates Kerstin Jürgenson, Marilin Laud and Lawyer Kairi Kilgi.
We advised the sale of Postimaja Shopping Center to the Baltic Horizon Fund for 34.4 million euros
Ellex Raidla team advised Swedish real estate investor CA Fastigheter AB on the sale of Postimaja Shopping Centre to the Baltic Horizon Fund. Postimaja is a modern shopping centre located in the heart of Tallinn, at the Narva road 1.
The total current leasable area of Postimaja is 9 141 m2. The anchor tenants are Rimi, H&M, New Yorker, Eesti Post and MyFitness.
The total purchase price paid upon completion of the transaction is approximately EUR 34.4 million (plus VAT). Closing of the acquisition is dependent on a merger clearance from the Estonian Competition Authority.
The transaction was advised by Ellex Raidla’s Partner Ermo Kosk, Senior Associate Sandra Värk, Associate Kerstin Jürgenson and Counsel Toomas Kasesalu.
Education
University of Tartu, Estonia
Master of Laws (Cum laude)
Master of Laws (Cum laude)
University of Tartu, Estonia
Bachelor of Laws (Cum laude)
Bachelor of Laws (Cum laude)
Membership
2016
Estonian Bar Association
Member
Member
Publications
Juridica, 2015/9, 624 -635
2015
Juridica, 2015/9, 624 -635
Insolvency Regulation (recast) – Step towards Restructuring and International Cooperation.