Eversheds Sutherland Ots&Co has advised Estonian investment firm MM Grupp OU on its acquisition of control over Forum Cinemas OU in Estonia, as well as its branches in Latvia and Lithuania.

Cobalt has advised Estonia's Aktiva Finants on its acquisition of Viena Saskaita, the first and largest specialized payment platform in Lithuania, from ME Investicija.

The Tallinn office of Sorainen has helped Estonian non-governmental organization Eesti Tsiviilallianss submit proposed amendments to Estonia's Communicable Diseases Prevention and Control Act to the Estonian parliament.

Sorainen has advised Graphic Packaging International on the Estonian aspects of its approximately USD 1.45 billion cash acquisition of the AR Packaging Group from the CVC Capital Partners Fund VI. DLA Piper Stockholm was lead counsel to GPI on the deal.

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.

The Tallinn office of Sorainen has advised YIT on the sale of its paving and mineral aggregates business in Estonia to KMG Inseneriehitus. Cobalt reportedly advised the buyer.

Sorainen has helped Estonian payment service provider Wallester obtain a license from the Estonian Financial Supervision and Resolution Authority to provide services cross-border in all EU and EEA states.

TGS Baltic has advised FitSphere on a seed-round involving multiple investors.

Cobalt has successfully advised Wolt Eesti in proceedings before the Estonian Competition Authority relating to the company’s price parity conditions.

Ellex Raidla has advised Superangel on an investment in ParcelSea, made as part of a EUR 935,000 financing round.

Estonia’s real estate market is going strong despite the uncertainties and hardships caused by the COVID-19 pandemic. The number of real estate transactions was 20% higher and the total value of transactions 31% higher in the fourth quarter of 2020 than the same quarter the year before (and up 11% and 31% from the third quarter of 2020). As prices also continue to rise – the composite real estate index rose 10% year-on-year – Estonia remains an attractive place for real estate investments. Recent changes, further digitizing the transactions, are making it easier than ever for foreign investors.

PwC Legal has advised Guardtime on its preparation of vaccination certificate platform VaccineGuard for Estonia's Health and Welfare Information Systems Center's vaccination certificate system.

Ellex Raidla, working with Wilson Sonsini Goodrich & Rosati, has advised investment fund Atomico on leading a USD 11 million Series A funding round to Estonian artificial intelligence platform startup Pactum.

Sorainen has advised the Estonian Ministry of the Environment on matters related to the management of hazardous substances at sea.

Ellex has advised Eesti Energia on its entrance into a memorandum of understanding with Orsted for the development of a large-scale offshore wind farm and the movement towards delivering the first offshore wind farm in the Gulf of Riga.

Ellex Raidla has helped VideoCV secure a EUR 410,000 investment in a pre-seed round from Zenith Family Office, EstBAN, and several unidentified business angels.

On March 8, 2021, CEE Legal Matters reported that Lextal had advised the owners of Raunistal on the sale of 100% of their shares to Estonian state owned renewable energy company Enefit Green. CEE In-House Matters spoke with the two former owners, Regiina Pihlak and Raivo Pihlak, to learn more about the sale.

Ellex Raidla has helped Tera Ventures, one of the longest-running seed-stage funds in the Nordic & Baltic countries, bring its fund size to EUR 43 million with several global investors stepping in as limited partners.