Ellex Raidla has advised ISS on the sale of its Eesti AS subsidiary to private investors Triinu Reinold, Ulo Kallas, Roberto de Silvestri, and Elio Cravero.
All four buyers are connected with the Colonna real estate company.
According to Ellex, the new owners will support the current ISS Eesti management and “their goal is to further increase the company's trust and quality in the domestic market.”
ISS is an international real estate maintenance group. For the time being ISS Eesti will continue acting under its current name, although a new name is expected to be chosen soon.
The Ellex Raidla team was led by Partner Sven Papp and included Senior Associates Gerda Liik, Martin Maesalu, and Dmitri Rozenblat, and Lawyer Kevin Gerretz.
Editor’s Note: After this article was published CEE Legal Matters learned that PwC Legal advised the buyers on the deal. The PwC team consisted of Senior Associates Imbi Jurgen, Karin Marosov, and Indrek Ergma and Associates Liisa Levandi, Carel Kivimaa, Jana Tudelep, and Erik Salur.