Cobalt has advised AS Nordic Aviation Group on a EUR 8 million revolving loan facility agreement with Sihtasutus KredEx.

Triniti has advised Estonian national airline Nordica on the acquisition of the remaining 49% of Regional Jet OU (Xfly), a joint venture between it and Polskie Linie Lotnicze LOT. 

On November 10, 2020, CEE Legal Matters reported that Cobalt had advised Passion Capital on its USD 1.4 million seed-round investment into Warren.io. CEEIHM spoke with Tarmo Tael, Co-Founder & CEO at Warren.io, to learn more about the deal.

Ellex Raidla has advised Capital Mill and Estmak Capital on their sale of the Energate gas company  to the De Maria Project investment company. TGS Baltic advised the buyer on the deal.

Cobalt’s Tallinn office has advised early-stage investment fund Change Ventures on its investment in Tallinn-based computer vision startup Fyma. Hedman Partners advised Fyma on the deal.

“Since the spring of 2019 we have had a new parliament and government,” says Kadri Kallas, Partner at TGS Baltic in Estonia. “Much like in a number of countries around the world we have a populist party in our government. However, the party which had most votes was unable to form the government, so the second-ranked party, along with two others, formed it instead.” 

Ellex Raidla has advised Tera Ventures on its investment in Estonian property rental start-up Rendin.

Ellex Raidla has advised real estate development company Liven on its EUR 2 million bond issuance.

The Tallinn office of Sorainen, working with DLA Piper Helsinki, has advised paints producer PPG on a voluntary recommended public cash tender offer for all the shares in Tikkurila, a Nordic paint and coatings company. 

TGS Baltic’s Estonian office has successfully represented Pipes Building OU in a dispute against Narva Vesi AS, a company belonging to the Estonian city of Narva.

Ellex Raidla has advised the BaltCap Growth Fund on an acquisition of a majority stake in Tradehouse from founders Avo and Angela Kivimaa. PwC Legal advised the selling shareholders on the deal.

Nove has advised Elering on its agreement with Siemens Energy for the construction of three synchronous compensators for frequency stability of the electricity systems at the 330 kilovolt substations in the Estonian communities of Viru, Pussi, and Kiisa.  

Sorainen has formed a Private Client Services team, led by Tallinn-based Counsel Kart Anna Maire Kelder.

The Tallinn office of TGS Baltic has advised Nikolai Russakov, the owner of the AS Kroodi Terminal fuel terminal and MK Kamion OU fuel wholesaler, on the sale of the two companies to Terminal Oil OU. The transaction is still subject to regulatory approval.

Sorainen’s Tallinn office has advised the Saunum Group on the initial public offering of its shares and their admission to trading on the First North alternative market, operated by Nasdaq Tallinn.

PWC Legal's Estonian office has successfully represented the Estonian Authors’ Society, the Estonian Association of the Phonogram Producers, the Estonian Performers’ Association, the Estonian Association of Audiovisual Authors, the Estonian Composers’ Union, the Association of Estonian Professional Musicians, the Estonian Directors’ and Dramaturgs’ Union, the Estonian Association of Stage Performers, and the Association of Professional Actors of Estonia in a dispute regarding compensation for the reproduction of original works.

TGS Baltic and Bryan Cave Leighton Paisner have advised the Mubadala Investment Company on investment in MEL Science — part of the latter's USD 14 million Series B funding round.

Sorainen has advised Estonian mobility platform Bolt on a EUR 150 million funding round. The investment was led by D1 Capital Partners, with the participation of Darsana Capital Partners.