Ellex Raidla

Merlin Liis

Associate

+ 372 640 7170

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Merlin Liis is an Associate at Ellex Raidla who specialises in Data Protection and Intellectual Property Rights Law. She is very highly qualified in the field of European data protection law and has also obtained CIPP/E certification.

Merlin graduated from the University of Tartu's Faculty of Law and received her master's degree in 2016. She has long-term legal experience having completed traineeships in Swedbank and other law firms during her studies.

She previously worked in international law firm where she advised customers with data protection law, IP and ICT matters as well as civil court proceedings.

Merlin Liis

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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.

We advised the landmark deal on the insurance market where GrECo JLT acquired the majority holding of IIZI Group

Ellex Raidla team advised GrECo JLT, the major risk and insurance manager in CEE, on the acquisition of a strategic stake (56.9462 %) in IIZI Group AS.

GrECo JLT is a family-owned company established in Austria in 1925 is employing close to 800 people and operating in 16 countries with 52 subsidiaries, including in Estonia since 2014 and in Lithuania through acquiring RHEA in 2008.

IIZI Kindlustusmaakler AS is the leading insurance retailing company in the Baltics, represented in Estonia, Latvia and Finland with more than 150 employees and 150 000 active customers.

According to Georg Winter, Member of the Board of GrECo JLT Group, IIZI has stood out internationally with their innovative solutions being the indisputable market leader in its region for private customers, small and medium-sized companies and as a partnership solutions provider. “We are ready to contribute considerably to strengthening our position in the Baltics and gain from IIZI’s extensive know-how and retail customer service experience ourselves,” Winter said.

“On the other hand, the customers of IIZI will in turn win from the extensive international experience of GrECo JLT,” Winter said, adding that the main focus of GrECo JLT has been on providing corporate insurance brokerage services and consultations and the shareholding of JLT in the company enables access to a huge network of subsidiaries and partners all around the world.

After the transaction the executive management and current shareholders who have been actively involved in day-to-day operations of IIZI will continue as shareholders and managers of the company.

From Ellex Raidla Partner Sven Papp, Counsel Jaanus Ikla, Senior Associates Gerda Liik, Reet Saks, Associate Merlin Liis and Lawyers Kevin Gerretz, Mirko Kikkamägi advised on the transaction.