Ellex Raidla has advised the BaltCap Growth Fund on an acquisition of a majority stake in Tradehouse from founders Avo and Angela Kivimaa. PwC Legal advised the selling shareholders on the deal.
Financial details of the transaction were not disclosed.
Tradehouse is an Estonian beauty products wholesale and retail company that was founded in 2002. The company operates five large-format stores, an e-commerce platform, and a professional training center in Estonia. Ellex reported that, through the investment, BaltCap has acquired the majority stake in the company, with Avo and Angela Kivimaa retaining a minority stake and remaining at the company as members of the supervisory board.
Ellex Raidla’s team included Partner Ermo Kosk, Senior Associates Alla Kuznetsova and Martin Maesalu, and Associates Merlin Liis and Kevin Gerretz.
PwC Legal’s team consisted of Head of M&A Rutt Vark and Specialist Counsel Indrek Ergma.