TGS Baltic has advised Ordi majority shareholder Sulev Sisask on the sale of his company shares to Klick Eesti. Arvisto & Partners advised the buyer.

Cobalt has advised Karma Ventures on its investment in employee relocation management start-up Jobbatical.

Contributed by Sorainen.

Pohla & Hallmagi has advised Deck Marine Systems on an agreement with Fairbanks Morse Defense with the aim to expand the capabilities of FMD to serve unmanned marine vehicles. Jansson Munger McKinley & Kirby reportedly advised FMD.

Ellex has advised Tradehouse on its acquisition of Scandinavian Brands.

Cobalt has advised PRFoods on the sale of its Swedish business to Vattudalens Fisk.

Cobalt has advised Nordea on the sale of its last remaining 11.6% stake in Luminor to a consortium led by private equity funds managed by Blackstone.

Cobalt has advised FN-Serviss on a cross-border merger of its group of companies in which the company's Estonian subsidiary was acquired by its Latvian parent company.

Triniti has advised the OECD on a study of sustainable water services in Estonia.

Ellex has advised the sellers on their sale of GuestJoy to SiteMinder.

Sorainen has advised Salto X on raising EUR 5.2 million in a seed funding round.

Ellex has advised Forum Invest and Forum Valduse on the sale of Foorum Centre to US Real Estate.

A slowdown in capital market transactions and some M&A activities, a governmental crisis and tensions with the Russian-speaking population, and rising energy prices and inflation were all hallmarks of Estonia’s past six months. While the geopolitical situation and economic situation remain tough, direct investments in Estonia seem to be getting back on track, across a number of sectors, according to Cobalt Partner Marina Kotkas.

Cobalt has advised venture capital fund Change Ventures on its seed investment in Estonian recruitment platform RecruitLab. Triniti advised RecruitLab.

Walless has advised sales and distribution holding JNG Investments on its acquisition of wholesaler Balt-Hellin.

TGS Baltic has advised two of Kilo Health's shareholders on selling a minority stake in the company to Scandinavian and Estonian funds.

Sorainen has advised Estonian health technology company Antegenes on raising EUR 2.3 million in funding.

Attorney Kirill Lezeiko has taken over as Head of Banking and Finance at PwC Legal Estonia from Co-Founder Viljar Kahari, effective August 1.