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Pohla & Hallmagi and Sorainen Advise on Hammerhead's Purchase of Shares of Eesti Elecster and Sale to Avex Metall

Pohla & Hallmagi and Sorainen Advise on Hammerhead's Purchase of Shares of Eesti Elecster and Sale to Avex Metall

Estonia
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Pohla & Hallmagi has advised Hammerhead on its acquisition of shares in Eesti Elecster. Sorainen advised the sellers on the deal. Pohla & Hallmagi additionally advised Hammerhead on the restructuring of Eesti Elecster, with the industrial part of the business being sold to Avex Metall at the same time.

Elecster Estonia is involved in the production of machinery and lease of office and commercial premises. The total area of production and office premises is 12,000 square meters, located near central Tallinn.

According to Pohla & Hallmagi, “Elecster Baltic, a wholly-owned subsidiary of Elecster Plc., and Lucky Hammerhead have signed a deed of sale by which Elecster Baltic sells its shares in Eesti Elecster to Lucky Hammerhead. Elecster Baltic holds 51.0044% of the shares in Eesti Elecster. The transaction amount of the entire share capital is approximately EUR 8.3 million, of which the Elecster Group's share corresponds to the holding.”

Pohla & Hallmagi’s team included Partner Toivo Viilup and Lawyer Madli Astok.

Sorainen's team included Partner Paul Kunnap, Senior Associate Mirjam VIchmann, Associate Kristi Tammiku, and Assistant Lawyer Joosep Kuusk.

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