Sorainen, working alongside Taylor Wessing in Germany, has advised IT lifecycle company Foxway on its acquisition of recommerce business Flip4 from shareholders including its founders and Media-Saturn-Holding GmbH. Financial details were not disclosed.
Foxway is a North European company with more than 700 employees, providing sustainable IT services and recycling. Flip4 is a German consumer electronics recommerce company with around 40 employees.
Sorainen's team in Estonia consisted of Partner Toomas Prangli and Counsels Piret Lappert and Kaido Kunnapas.
Taylor Wessing's team was led by Munich-based Partner Rebekka Krause.
Sorainen was unable to identify counsel for the sellers on the deal.