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Sorainen Advises Artist Media on 90% Share Sale to All Media Eesti

Sorainen Advises Artist Media on 90% Share Sale to All Media Eesti

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Sorainen Estonia has advised Artist Media on the sale of 90% of its shares to All Media Eesti, the parent company of Estonia's TV3’s TV channel.

All Media Eesti is owned by international asset management firm Providence Equity Partners. The company’s Estonian portfolio includes Estonian TV channels TV3, TV6, 3+, CTC, RTR, Fox, Fox Life, and National Geographic, digital platforms TVPlay and TVPlay Premium, radio stations Star FM, Power Hit Radio and Radio Volna, web advertising company All Media Digital, and media company Buduaar Meedia.

Artist Media, established in 2002, is an Estonian company that offers complete audio and in-store radio solutions.

The Sorainen team consisted of Partner Toomas Prangli, Senior Associate Piret Lappert, and Associate Robin Teever.

Sorainen did not reply to our inquiries about the deal.

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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.

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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

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