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Nominees for Estonia

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a. Providence Equity Partners’ Acquisition of Baltic Subsidiaries of Modern Times Group

Sorainen and global counsel Mannheimer Swartling advised Providence Equity Partners on the acquisition of the Baltic businesses of Sweden's Modern Times Group. Cobalt, Fort Legal, Skopina & Azanda, and Sweden’s Hamilton law firm advised the Modern Times Group on the deal. The total disclosed value of the acquisition in all three Baltic States is EUR 115 million. 

Deal parties (advisors)

  • Seller: Modern Times Group (Cobalt; Fort Legal; Hamilton Law Firm; Skopiņa & Azanda)
  • Buyer: Providence Equity Partners (Sorainen; Mannheimer Swartling)


b. Maag Grupp Acquisition of TERE from Elveda

Ellex advised AS Maag Grupp, one of the leading dairy and meat processing companies in Estonia, in connection with its acquisition all the shares of Tere AS from its bankrupt parent company Elveda OU.

Deal parties (advisors)

  • Buyer: Maag Grupp (Ellex Raidla)
  • Seller: Elveda OU


c. LHV and Livonia Partners and Ambient Sound Investments’ Acquisition of Stake in C-Gates

Primus advised Polaris Invest and Com Holding, the shareholders of Cgates, the second largest cable operator in Lithuania, on the sale of a stake in the company to Livonia Partners. Cobalt advised Livonia Partners on the transaction.

Deal parties (advisors)

  • Investors Consortium: LHV Pension Funds Estonia (TGS Baltic); Livonia Partners (Cobalt); Ambient Sound Investments (Cobalt)
  • Seller: Polaris Invest and Com Holding (Primus)