Ellex Raidla has advised Estonia's Elektrilevi on its acquisition of the Imatra Elekter energy services provider from Imatran Seudun Sahko. Finland's LLH Law advised the sellers on the deal.

Sorainen has advised Mehilainen, a healthcare and social services provider in Finland, on the acquisition of occupational healthcare provider Qvalitas Arstikeskus and dental care chain Unimed Grupp from BaltCap. Ellex Raidla advised BaltCap on the deal, which remains contingent on regulatory approval.

Maido Lillemets, Legal and Compliance Manager at BaltCap in Estonia, reports that the three-pillar pension system in his country has been shaken by the recent legislative move from a mandatory to a voluntary approach to contributions into pension funds. This change, Lillemets reports, has cost the pension funds EUR 850 million already and the eventual cost may exceed EUR 1 billion.

Sorainen has helped to establish the Green Tiger Foundation in Estonia, a collaboration platform designed to boost environmental awareness and create a basis for a green economy.

Sorainen has helped Bolt obtain a EUR 20 million investment from the International Finance Corporation.

Sorainen has advised Japanese trading and investment business conglomerate Marubeni on an unspecified investment in Estonian energy storage technology developer Skeleton Technologies.

Eversheds Sutherland has helped IPF Digital AS obtain an e-money institution authorization, which allows it to issue e-money and provide payment services.

TGS Baltic has successfully represented Eesti Post in a proceeding before Estonia’s Competition Authority initiated by direct marketing company Target Master.

Lextal has advised the unidentified owners of Raunistal on the sale of 100% of their shares to Estonian state owned renewable energy company Enefit Green.

Cobalt has advised venture capital fund Karma Ventures on its follow-on investment in Vilnius-based CGTrader, which was advised by Sorainen. Evli Growth Partners, Karma Ventures, and LVV Group participated in the round, in which CGTrader raised USD 9.5 million.

Cobalt’s Estonian office has advised technology-oriented venture capital fund Earlybird Digital East Fund on its provision of EUR 1.5 million in seed funding into Binalyze, a provider of advanced digital forensics and incident response solutions.

Sorainen has advised BaltCap on its acquisition of Ridango, an Estonia-based provider of public transport services, from LipCap. Rask advised the seller on the deal.

Ellex Raidla has advised the Atomico investment firm on its participation in Katana's USD 11 million series A funding round.

The Tallinn office of Sorainen has advised Skoda on its agreement to sell six trains to Eesti Liinirongid, operating under the Elron brand name, with an additional option to buy ten more in coming years. Eesti Liinirongid was advised on the procurement process by Blessner.

Sorainen has advised Fenner Dunlop, a part of the Michelin Group, on its acquisition of Technobalt Estonia.

Sorainen has advised Finnish state-owned company Vapo on the sale of its Nevel subsidiary to French private investment company Ardian.

Cobalt has helped Swedbank on its internal restructuring in the Baltics, as a result of which the bank’s existing subsidiaries in Estonia, Latvia, and Lithuania will continue under the ownership of the bank’s new subsidiary, Swedbank AB.

TGS Baltic has successfully represented entrepreneur Toomas Tamm, the former owner of Kivioli Keemiatoostus in a dispute involving a guarantee issued by OU AP-Terminaal.