Corporate, M&A

Ellex Raidla advises on a wide range of matters related to public and private M&A with particular focus on complex, cross-border transactions. We have developed extensive domestic and international expertise and have been involved in a majority of large M&A transactions in Estonia. Our corporate advisory team offers day-to-day legal advice for a large number of Estonian and international companies in all aspects of law that affect their daily operations. We provide assistance from the formation of companies and partnerships to the details of their operations.
 
Key projects in the field

  • Commercial Code
  • Restructuring Act
  • Law of Obligations Act
  • Employment Contracts Act
  • Law of Property Act
  • Law of the General Part of the Civil Code
  • Bankruptcy Act
  • Foundations Act
  • Non-Profit Associations Act

Key contacts

Sven Papp

Partner

Head of Corporate / M&A practice group
+ 372 640 7170
crypt:PGEgY2xhc3M9ImVtYWlsIiBocmVmPSJtYWlsdG86c3Zlbi5wYXBwQGVsbGV4LmVlIj5zdmVuLnBhcHBAZWxsZXguZWU8L2E+:xx
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Jüri Raidla

Senior Partner

+372 640 7170
crypt:PGEgY2xhc3M9ImVtYWlsIiBocmVmPSJtYWlsdG86anlyaS5yYWlkbGFAZWxsZXguZWUiPmp5cmkucmFpZGxhQGVsbGV4LmVlPC9hPg==:xx

Risto Vahimets

Partner

+372 640 7170
crypt:PGEgY2xhc3M9ImVtYWlsIiBocmVmPSJtYWlsdG86cmlzdG8udmFoaW1ldHNAZWxsZXguZWUiPnJpc3RvLnZhaGltZXRzQGVsbGV4LmVlPC9hPg==:xx

Martin Käerdi

Partner

Head of Commercial & Compliance Law and Employment practice group
+ 372 640 7170
crypt:PGEgY2xhc3M9ImVtYWlsIiBocmVmPSJtYWlsdG86bWFydGluLmthZXJkaUBlbGxleC5lZSI+bWFydGluLmthZXJkaUBlbGxleC5lZTwvYT4=:xx

Ermo Kosk

Partner

+372 640 7170
crypt:PGEgY2xhc3M9ImVtYWlsIiBocmVmPSJtYWlsdG86ZXJtby5rb3NrQGVsbGV4LmVlIj5lcm1vLmtvc2tAZWxsZXguZWU8L2E+:xx

Gerli Kilusk

Partner

+372 640 7170
crypt:PGEgY2xhc3M9ImVtYWlsIiBocmVmPSJtYWlsdG86Z2VybGkua2lsdXNrQGVsbGV4LmVlIj5nZXJsaS5raWx1c2tAZWxsZXguZWU8L2E+:xx

Toomas Kasesalu

Counsel

+372 640 7170
crypt:PGEgY2xhc3M9ImVtYWlsIiBocmVmPSJtYWlsdG86dG9vbWFzLmthc2VzYWx1QGVsbGV4LmVlIj50b29tYXMua2FzZXNhbHVAZWxsZXguZWU8L2E+:xx

Elisabet Fura

Counsel

+372 640 7170
crypt:PGEgY2xhc3M9ImVtYWlsIiBocmVmPSJtYWlsdG86ZWxpc2FiZXQuZnVyYUBlbGxleC5lZSI+ZWxpc2FiZXQuZnVyYUBlbGxleC5lZTwvYT4=:xx

Dmitri Rozenblat

Senior Associate

+372 640 7170
crypt:PGEgY2xhc3M9ImVtYWlsIiBocmVmPSJtYWlsdG86ZG1pdHJpLnJvemVuYmxhdEBlbGxleC5lZSI+ZG1pdHJpLnJvemVuYmxhdEBlbGxleC5lZTwvYT4=:xx

Gerda Liik

Senior Associate

+ 372 640 7170
crypt:PGEgY2xhc3M9ImVtYWlsIiBocmVmPSJtYWlsdG86Z2VyZGEubGlpa0BlbGxleC5lZSI+Z2VyZGEubGlpa0BlbGxleC5lZTwvYT4=:xx

Sandra Värk

Senior Associate

+372 640 7170
crypt:PGEgY2xhc3M9ImVtYWlsIiBocmVmPSJtYWlsdG86c2FuZHJhLnZhcmtAZWxsZXguZWUiPnNhbmRyYS52YXJrQGVsbGV4LmVlPC9hPg==:xx

Rutt Värk

Senior Associate

+372 640 7170
crypt:PGEgY2xhc3M9ImVtYWlsIiBocmVmPSJtYWlsdG86cnV0dC52YXJrQGVsbGV4LmVlIj5ydXR0LnZhcmtAZWxsZXguZWU8L2E+:xx

Reet Saks

Senior Associate

+ 372 640 7170
crypt:PGEgY2xhc3M9ImVtYWlsIiBocmVmPSJtYWlsdG86cmVldC5zYWtzQGVsbGV4LmVlIj5yZWV0LnNha3NAZWxsZXguZWU8L2E+:xx

Karl-Erich Trisberg

Senior Associate

+ 372 640 7170
crypt:PGEgY2xhc3M9ImVtYWlsIiBocmVmPSJtYWlsdG86a2FybC1lcmljaC50cmlzYmVyZ0BlbGxleC5lZSI+a2FybC1lcmljaC50cmlzYmVyZ0BlbGxleC5lZTwvYT4=:xx

Alla Kuznetsova

Senior Associate

+ 372 640 7170
crypt:PGEgY2xhc3M9ImVtYWlsIiBocmVmPSJtYWlsdG86YWxsYS5rdXpuZXRzb3ZhQGVsbGV4LmVlIj5hbGxhLmt1em5ldHNvdmFAZWxsZXguZWU8L2E+:xx

Kerstin Jürgenson

Associate

+370 640 7170
crypt:PGEgY2xhc3M9ImVtYWlsIiBocmVmPSJtYWlsdG86a2Vyc3Rpbi5qdXJnZW5zb25AZWxsZXguZWUiPmtlcnN0aW4uanVyZ2Vuc29uQGVsbGV4LmVlPC9hPg==:xx

Marilin Laud

Associate

+640 7170
crypt:PGEgY2xhc3M9ImVtYWlsIiBocmVmPSJtYWlsdG86bWFyaWxpbi5sYXVkQGVsbGV4LmVlIj5tYXJpbGluLmxhdWRAZWxsZXguZWU8L2E+:xx

Ursula Kosk

Associate

+372 640 7170
crypt:PGEgY2xhc3M9ImVtYWlsIiBocmVmPSJtYWlsdG86dXJzdWxhLmtvc2tAZWxsZXguZWUiPnVyc3VsYS5rb3NrQGVsbGV4LmVlPC9hPg==:xx

Anna Trine Raudsepp

Associate

+372 640 7170
crypt:PGEgY2xhc3M9ImVtYWlsIiBocmVmPSJtYWlsdG86YW5uYS50cmluZS5yYXVkc2VwcEBlbGxleC5lZSI+YW5uYS50cmluZS5yYXVkc2VwcEBlbGxleC5lZTwvYT4=:xx

Karin Tartu

Associate

+ 372 640 7170
crypt:PGEgY2xhc3M9ImVtYWlsIiBocmVmPSJtYWlsdG86a2FyaW4udGFydHVAZWxsZXguZWUiPmthcmluLnRhcnR1QGVsbGV4LmVlPC9hPg==:xx

Liisbeth Lillo

Associate

+372 640 7170
crypt:PGEgY2xhc3M9ImVtYWlsIiBocmVmPSJtYWlsdG86bGlpc2JldGgubGlsbG9AZWxsZXguZWUiPmxpaXNiZXRoLmxpbGxvQGVsbGV4LmVlPC9hPg==:xx

Key projects in the field

We advised Amserv Grupp on the sale of Ascar Auto
Amserv Grupi AS sold its subsidiary Ascar Auto AS to Autospirit AS and will focus on developing the volume of sales, market share and customer service of Toyota and Lexus.
 
Amserv Group is one of the biggest sellers of new and used cars and car service companies in the Baltics. Before the sale the firm had the right of representation for five brands (Toyota, Lexus, Opel, Chevrolet, Saab, Hyundai and Peugeot). Amserv employed over 400 employees in Estonia and Latvia, and has 11 sales and service centres located in Tallinn, Pärnu, Tartu, Paide, Viljandi and Riga. All centres sell new and used cars, spare parts and offer maintenance services.
 
The Ellex Raidla’s team consisted of Partner Risto Vahimets, Senior Associate Alla Kuznetsova and Associate Anna Trine Raudsepp.
We advised Tahe Outdoors OU on the acquisition of the French company BIC Sport
The Estonian manufacturer of watersports equipment Tahe Outdoors OU is continuing its international expansion and bought BIC Sport, the watersports subsidiary of the French BIC group, for 6 to 9 mln euros.
 
This transaction will lead to the creation of a new and dynamic worldwide player, with unique industrial technologies across a wide range of products and an international network of specialist retailers. BIC Sport’s products will continue to be manufactured and sold under license, together with the SIC & OXBOW Brands.
 
Founded in 1979, BIC Sport pioneered the windsurf industry and progressively diversified its activities to include surfing, kayaking, junior racing dinghies and stand-up paddleboarding. Headquartered in Vannes, France, BIC Sport sells its products in more than 90 countries.
 
Tahe Outdoors is one of the most successful and dynamic European manufacturers of paddle sports and kitesurf products, with strong brands such as Tahe Marine, Core, Zegul, Egalis... Founded in 1989, based in Estonia, Tahe Outdoors is distributed in more than 50 countries with products manufactured in France, Germany & Estonia.
 
The transaction was advised by  Ellex Raidla’s Partner Risto Vahimets, Senior Associate Karl-Erich Trisberg and Associate Anna Trine Raudsepp.
We are advising Lumi Capital and LHV pension funds on the acquisition of rental buildings
Lumi Capital, together with LHV pension funds, have concluded an agreement with Bonava, as a result of which two new rental buildings with all conveniences will be established in the future residential district of Uus-Mustamäe, on the outskirts of Mustamäe. The rental buildings will be completed in the second half of 2021.
 
The rental buildings to be built in the Uus-Mustamäe residential district will feature 84 one-, two- and three-room apartments. The rental buildings form a part of the comprehensive living environment developed by Bonava, in which 750 new homes will be completed over the next 5-7 years.
 
“Lumi Capital will continue looking for investments all over Tallinn, to create brand new rental apartments, for which there is a great demand. In cooperation with LHV pension funds we plan to increase the portfolio of rental houses to 500 apartments,” commented Martin Rekor, partner at Lumi Capital.
 
The transaction is the second investment in rental buildings in the cooperation of Lumi Capital and LHV Pension Funds. The first investment was the Lumi Kodud rental buildings, with 127 apartments, acquired in the Manufacture district, which will be completed next spring.
 
Ellex Raidla’s Partner Ermo Kosk, Senior Associate Sandra Värk and Associate Marilin Laud are advising Lumi Capital and LHV pension funds with establishing the legal structure of the transaction, conducting the legal due diligence and drafting and negotiating transaction documents. Ellex Raidla’s team previously assisted with the legal aspects in the Manufacture district rental buildings project.