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Sorainen Advises Livonia Partners on Acquisition of Estonian Glass Processing Company

Sorainen Advises Livonia Partners on Acquisition of Estonian Glass Processing Company

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Sorainen has advised Baltic private equity investment fund Livonia Partners on its acquisition of Klaasimeister, an Estonia-based glass processing company. The transaction remains contingent on the approval of the Estonian Competition Authority.

Sorainen describes Klaasimeister as "a leading float and speciality glass processor specializing in providing insulated glass units and other glass products to complex facade projects." According to the firm, "the company was established in 1997 and today operates a modern state-of-the-art production facility 30 kilometers from Tallinn. Throughout its history Klaasimeister has successfully serviced customers across Scandinavia and completed some of the most marquee projects such as Oslo airport and Helsinki library among others."

The Sorainen team was led by Estonia Managing Partner Partner Toomas Prangli and included Senior Associates Piret Lappert and Piibe Lehtsaar and Associate Nele Suurmets.

Sorainen did not reply to our inquiry on the matter.  

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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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