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Ellex Raidla and Eversheds Sutherland Advise on IM Arvutid's Sale to UP Invest OU

Ellex Raidla and Eversheds Sutherland Advise on IM Arvutid's Sale to UP Invest OU

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Ellex Raidla has advised IM Arvutid AS on its sale to UP Invest OU, an investment company controlled by Margus Linnamae. Eversheds Sutherland advised the buyers.

According to Ellex Raidla, “IM Arvutid operates under the iDeal trademark in Estonia and Latvia and under the 1Store trademark in Finland, offering Apple products and accessories as well as full customer support as the largest authorized Apple dealer in the Baltic region.” 

As a result of the transaction, UP Invest will control both retail chains specializing in the sale of Apple products in Estonia, iDeals and Valge Klaar.

The Ellex Raidla team included Partner Sven Papp and Senior Associate Gerda Liik.

The Eversheds Sutherland team included Managing Partner Maivi Ots, Partner Risto Ruutel, Senior Associate Kadri-Catre Kasak, Legal Adviser Marten Amjarv, and Lawyer Erika Tuvike.

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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

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