Njord has assisted bitcoin gambling operator bitcasino.io establish a bitcoin gambling operating company — Kopikas Entertainment OU — with only bitcoins as share capital contribution. According to Njord, "the share capital contribution in bitcoins was one of its kind and the first in Estonia and most likely in the world."
Ellex has advised European vending and coffee services company Selecta Group on the sale of its Baltic subsidiaries to BaltCap Private Equity Fund II, managed by BaltCap. Cobalt advised BaltCap on the deal, which remains subject to the approval of the competition authorities. The transaction price was not disclosed.
Sorainen, Valiunas Ellex, Klavins Ellex, and Cobalt have advised on Baltic elements of the acquisition by AMC Entertainment Holdings, Inc. of Nordic Cinema Group Holding AB from European private equity firm Bridgepoint and Swedish media group Bonnier Holding. The transaction — all-cash and valued at SEK 8.250 million (approximately USD 929 million) — is conditional upon antitrust clearance by the European Commission, which is expected in the first half of 2017.
"Let me start with administrative reform,” says Juri Raidla, the Senior Partner of Raidla Ellex in Estonia. “Now the state is in good shape, with no substantial problem at all — but the country has an aging population, and we need to figure out how to make the government more efficient and less costly.”