25
Fri, Sep
60 New Articles

Triniti Advises Owners of Utilitas on Sale of Majority Stake to EDIF II

Triniti Advises Owners of Utilitas on Sale of Majority Stake to EDIF II

Estonia
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Triniti has advised the owners of OU Utilitas on the acquisition of an 85% shareholding of the company by investment fund EDIF II.

According to Triniti, "Utilitas is a leading privately held Estonian energy company with two combined heat and power plants in Tallinn and distance heating networks in eight cities in Estonia. The company supplies heat to 166,000 households in Estonia."

EDIF II is an investment fund based in London that specializes in investments in energy, transport and infrastructure with a total volume of over 2.1 billion euros. Utilitas constitutes the first investment in the Baltic states for EDIF II. In addition to the fund investors, the transaction was financed by a syndicate pf Skandinaviska Enskilda Banken, Credit Agricole, and HSH Nordbank.

“By engaging this foreign investor, Utilitas will have new opportunities in sector where it is already the market leader in Estonia," explained Triniti Partner Ergo Blumfeldt, who led the firm's team on the deal. "The investment by EDIF II is another quality mark for Estonia which indicates how attractive our country and also the renewable energy sector appears to be."

Triniti did not reply to our inquiries about the deal.

Estonian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

All News about Cobalt can be found here.

 

Our Latest Issue