TGS Baltic has advised Ordi majority shareholder Sulev Sisask on the sale of his company shares to Klick Eesti. Arvisto & Partners advised the buyer.
The transaction remains contingent on regulatory approval.
Ordi is a Tallinn-based IT hardware company. Klick specializes in consumer electronics and digital products.
"The transaction is part of the industry consolidation process taking place in Estonia and creates a potential ground for larger transactions in this field in the future," TGS Baltic informed.
The TGS Baltic team was led by Managing Partner Sander Karson and included Counsel Triinu Jarviste and Senior Associate Maris Vutt.
The Arvisto & Partners team was led by Partner Margus Arvisto.