References

We provide independent financial advice on mergers, acquisitions, divestitures, capital raising and corporate restructuring.

Acquisition of Primekss

Primekss

Acquisition of 48% stake in Primekss, a provider of reinforced steel solutions 

Undisclosed

Pending

Sale of Light Conversion

Light Conversion

Sale of 25% stake in Light Conversion, the leading producer of femtosecond lasers and optical-parametric amplifiers, to 7-Industries

Undisclosed

July 2021

Sale of EKT

EKT

Sale of 75% stake in Eesti Keskkonnateenused, the leading waste management company in Estonia, to MBA Investeeringud

Undisclosed

June 2021

Sale of Santa Monica

Santa Monica Networks

Sale of 100% stake in Santa Monica Networks, the networking and IT security solutions provider in Latvia and Lithuania, to LMT

Undisclosed

Pending

Sale of Ecoservice

Ecoservice

Sale of 100% stake in Ecoservice, the largest environmental services provider in Lithuania, to Eco Baltia

Undisclosed

Aug 2021

EKJU

EKJU

Management of EKJU has acquired the company from BaltCap

Undisclosed

Pending

Acquisition of 58.8MW Tārgale wind park project in Latvia

Utilitas

Acquisition of 58.8MW Tārgale wind park project in Latvia

Undisclosed

March 2021

Sale of ABLV mortgage loan portfolio

ABLV

Sale of ABLV Bank mortgage loan portfolio to Citadele banka

EUR 170m

Pending

Sale of Unimed

Unimed

Sale of 100% stake in Unimed Grupp, market leader in dental healthcare in Estonia, to Mehiläinen

Undisclosed

April 2021

Sale of Qvalitas

Qvalitas

Sale of 100% stake in Qvalitas Arstikeskus, market leader in occupational healthcare in Estonia, to Mehiläinen

Undisclosed

April 2021

Acquisition of Tallinna Vesi

Tallinna Veis

Acquisition of 35.3% stake in Tallinna Vesi, the largest water and wastewater utility in Estonia, from United Utilities by City of Tallinn and Utilitas

€ 100.3 million

March 2021

City Service security solutions

City Service

Sale of 5 subsidiaries of City Service SE active in the security solutions operations

 

Undisclosed

December 2020

Dautcom

Dautkom

Sale of Dautkom, the leading independent cable TV and internet service provider in Daugavpils, to Baltcom

Undisclosed

October 2020

MediCa klinika

Repharm

Acquisition of MediCa klinika, Kardiolita, Bendrosios medicinos praktika and Svalbono klinika, the largest private medical clinic chain in Lithuania, by Repharm

Undisclosed

September 2020

Elektrons S

Elektrons S

Sale of Elektrons S, a cable TV and internet service provider in Jūrmala, to Baltcom

 

Undisclosed

September 2020

Danpower Baltic

Danpower Baltic logo

Sale of 90% stake in Danpower Baltic, the largest heat producer in Lithuania, to Idex, backed by Antin Infrastructure Partners

Undisclosed

October 2019

baltcom

Baltcom logo

Sale of 100% stake in Baltcom, the leading independent cable TV and internet service provider in Latvia, to Bite Group

Undisclosed

September 2019

auto24

auto24 logo

Sale of 100% stake in auto24, the leading online automotive classifieds player, to Baltic Classifieds Group

Undisclosed

August 2019

Enefit Green

Enefit Green logo

Sale of 100% stake in 4E Biofond, the owner and the operator of Vinni and Oisu biogas CHPs, to Infortar

Undisclosed

October 2019

Replace

Replace logo

Sale of 100% stake in Replace, the leading European mobile and IT equipment repurchase solutions provider, to Xllnc Group 

Undisclosed

October 2019

Utilitas

Utilitas logo

Sale of 85% stake in Utilitas, the largest Estonian district heating utility, to First State Investments

Undisclosed

November 2018

Civinity / UAB Dizaja

Civinity logo

Acquisition of UAB Dizaja and UAB Statinių priežiūra

Undisclosed

August 2018

4energia

4energia logo

Sale of 77% stake in Nelja Energia, the leading renewable energy producer in the Baltics to Enefit Green

EUR 488m

May 2018

Port of Tallinn

Port of Tallinn logo

IPO of Port of Tallinn on Tallinn Stock Exchange, financial adviser

EUR 147.4m

May 2018

EUROVIA / TREV-2

TREV-2 logo

Acquisition of 75% stake in TREV-2 by Eurovia

Undisclosed

May 2018

Draudimas

Draudimas logo

Sale of a €95m portfolio of distressed loans

Undisclosed

March 2018

CIVINITY / bond

CIVINITY logo

Unitranche bond issue for financing of acquisitions

EUR 11m

January 2018

BaltCap / Magnetic MRO

Magnetic logo

Sale of Magnetic MRO to Guangzhou Hangxin Aviation Technology

EUR 43m

January 2018

Anaerobic Holding

Anaerobic holding

Sale of Anaerobic Holding to BaltCap Infrastructure Fund

EUR 9.45m

December 2017

Lattelecom & LMT

Lattelecom logo
LMT logo

Strategic alternatives review regarding shareholdings in Lattelecom and LMT

Undisclosed

August 2017

Providence Equity / MTG Baltic

MTG logo

Acquisition of MTG's Baltic businesses by Providence Equity Partners

EUR 115m

March 2017

Talot

Talot logo

Acquisition of AS Talot by the company's management

Undisclosed

December 2016

BaltCap / Energate

Energate logo

Sale of Energate to a group of private investors

Undisclosed

October 2016

Enerstena

Enerstena logo

Acquisition of a biomass plant installation company Nakkila Boilers in Finland

Undisclosed

October 2016

BaltCap / Tuuleenergia

Tuulenergia logo

Sale of Tuuleenergia to Lietuvos Energija

Undisclosed

January 2016

Putoknis

Putoknis logo

Minority buyout and financing

Undisclosed

January 2016

MB benz

MB Media Benz logo

Advisor to Media Benz Telekomunikacijos on the sale to Sporting Pulse

Undisclosed

September 2015

Leta

Leta logo

Sale of LETA to UP Invest

Undisclosed

August 2015

K2LT krematoriumas

K2LT krematoriumas logo

Private placement and listing on Nasdaq First North

EUR 4.0m

May 2015

Baltijos Vejas

Baltijos Vejas logo

Capital raise for the development of a 4.9MW wind park in Lithuania

Undisclosed

April 2015

Balticums

Balticums logo

Sale of Baltikums AAS to Vienna Insurance Group

Undisclosed

July 2015

Billerud / Latgran

Latgran logo

Sale of Latgran to Graanul Invest

EUR 104m

May 2015

Elvi

Elvi logo

Sale of Linde Partika's food retail business to VITA Markets

Undisclosed

May 2015

Northern star

Northern star logo

Sale of Limestone Timberland Fund's forest portfolio to Tornator

Undisclosed

December 2014

Storent

Storent logo

Investment in Storent by Darby Private Equity

Undisclosed

November 2014

Civinity / Jūrmalas namsaimnieks

Civinity logo

Acquisition of Jūrmalas namsaimnieks, a Latvian facility management company

Undisclosed

October 2014

Linas Agro / Lignineko

Lignineko logo

Sale of Lignineko, a subsidiary of Linas Agro, to ECT Trading

Undisclosed

January 2014

PKL

PKL logo

Sale of PKL to Alfons Håkans

Undisclosed

December 2013

Helisota

Helisota logo

Sale of Helisota to Avia Solutions Group

Undisclosed

December 2013

Vapo

Vapo logo

Sale of VAPO Group's Latvian subsidiary AS Seda to Kalloveen Group

Undisclosed

December 2013

Leutuvas

Lietuvas logo

Acquisition of Baltic Post, a parcel terminal business, by Lietuvos Paštas

Undisclosed

October 2013

Hipoteku banka

Hipoteku banka logo

Reorganisation and sale of assets of Latvijas Hipotēku un Zemes Banka

Undisclosed

September 2013

bpt

bpt logo

Sale of BPT Secura's Estonian and Latvian real estate assets

Undisclosed

May 2013

Rigas terminalis

Terminalis logo

Sale of 100% stake in Rigas Universalais Terminals to Portek International

Undisclosed

April 2013

TD Baltic

TdBaltic logo

Advisor to TD Baltic's management is a management buy-out

Undisclosed

April 2013

Ecoservice

Ecoservice logo

Acquisition of SKT Klaipėda from Alexela Energia

Undisclosed

December 2012

Utilitas / Tallinna Küte & Eraküte

Utilitas logo

Acquisition of Tallinna Küte and Eraküte by Elekter ja Küte 

Undisclosed

November 2012

Eften Capital

Eften Capital logo

Fundraising for EfTEN real estate fund

Undisclosed

October 2012

Altia / Jaunalko

Jaunalko logo

Acquisition of majority interest in Jaunalko by Altia

Undisclosed

September 2012

Veolia

Veolia logo

Sale of Veolia's waste collection operations in Estonia and Lithuania to Alexela Energia

Undisclosed

July 2012

TeliaSonera / TEO tender offer

TeliaSonera logo
TEO logo

Tender offer to minority shareholders in TEO by TeliaSonera

EUR 118m

June 2012

Trigon Agri / Väätsa Agro

Väätsa logo

Acquisition of Väätsa Agro by Trigon Dairy Farming

Undisclosed

April 2012

Televõrk

Televõrk logo

Sale of Eesti Energia's subsidiary Televõrk to Tele2

EUR 25m

February 2012

Dalkia / Tallinna Elektrijaam

Dalkia logo
Tallinna Elektrijaam logo

Sale of Dalkia International's 85% stake in Tallinna Elektrijaam to the management

EUR 90m

December 2011

Veju spektras

Veju spektras logo

Capital raise for the development of a 21MW wind park in Lithuania

EUR 32m

May 2012

Avestis 2011

Avestis 2011 logo

Acquisition of four Lithuanian waste management subsidiaries

Undisclosed

August 2011

ACB

ACB logo

Fundraising and recapitalisation of A.C.B.

Undisclosed

May 2011

Veju spektras

Veju spektras logo

Sale of 30MW wind park to Interrao Lietuva

Undisclosed

April 2011

Kelprojektas

Kelprojektas logo

Sale of Kelprojektas to Baltcap

Undisclosed

January 2011

Elvi

Elvi logo

Sale of Linde partika to Dyaltos Capital

Undisclosed

August 2010

SAS GROUP / Air Maintenance

SAS Group logo

Sale of SAS Group's Air Maintenance Estonia to BaltCap Private Equity

Undisclosed

January 2010

SEB / Nasdaq OMX Nordic

Nasdaq logo

Sale of SEB's holdings in Tallinn and Vilnius stock exchanges to Nasdaq OMX Nordic

Undisclosed

November 2009

Telia Sonera / Eesti Telekom

Telia Sonera logo
Eesti Telekom logo

Public offer for Eesti Telekom by TeliaSonera

EEK 5.1bn (EUR 326m)

October 2009

Telia Sonera / TEO

Telia Sonera logo
TEO logo

Acquisition of 5% stake in TEO by TeliaSonera

LTL 73m (EUR 21m)

October 2009

Alma Littera

Alma literra logo

Acquisition of Baltų Lankų knygynas

Undisclosed

June 2009

SAS Group holding in airBaltic

airBaltic logo

Sale of SAS Group's holding in airBaltic to the management

SEK 220m (EUR 26m)

January 2009

Izzi

Izzi logo

Sale of Tella Capital to Contaq Latvian Cable

Undisclosed

August 2008

Carlsberg Group / Saku Õlletehas

Saku Õlletehas logo

Acquisition of 25% stake in Saku Õlletehas by Carlsberg

Undisclosed

July 2008

Nelss Lizings

Nelss Lizings

Sale of Nelss SIA's subsidiary Nelss Lizings to Marginalen

Undisclosed

July 2008

Põlva Agro

Põlva Agro logo

Sale of Põlva Agro to Agrowill Group

Undisclosed

July 2008

Linas Agro

Linas agro logo

Placement agent for institutional investors in the IPO of Linas Agro

EUR 28m

February 2010

Trigon Agri

Trigon Agri logo

Secondary Offering of Trigon Agri, joint lead manager

EUR 105m

May 2008

Aitecs

Aitecs logo

Sale to Moog, Inc.

Undisclosed

December 2008

Kreditas

Kreditas logo

Sale of Kreditas123 fast consumer credit provider to Societe Generale

Undisclosed

May 2008

Antera

Antera logo

Sale to International Metal Service

Undisclosed

April 2008

Toode

Toode logo

Sale of 50% stake in Toode to Amber Trust

Undisclosed

December 2007

FFL

FFL logo

Sale of FFL to Premia Tallinn Cold Storage

Undisclosed

November 2007

Dt Mobile / Mosers

DT mobile logo

Acquisition of Mosers by DT Mobile

Undisclosed

October 2007

Agrowill

Agrowill logo

Lead manager in IPO of Agrowill Group

EUR 10m

April 2008

Presto

Presto logo

Sale of Presto to Sia Coffee Holding

Undisclosed

October 2007

Zetcom by LMT

LMT logo

Acquisition of Zetcom by LMT

Undisclosed

June 2007

e-energia

e-energia logo

Equity and debt capital raising from EBRD

EUR 20m

September 2007

Arco Vara

Arco Vara logo

IPO of Arco Vara on Tallinn Stock Exchange, sole lead manager

EUR 84m

June 2007

Trigon

Trigon logo

IPO of Trigon Agri on First North Stockholm, sole lead manager

EUR 50

May 2007

SEB

SEB logo

Sale of SEB Group’s real estate portfolio to Homburg Invest Inc

EUR 197

February 2007

LMT / DT Mobile

LMT logo

Acquisition of DT Mobile by LMT

Undisclosed

April 2006

Gjensidige

Gjensidige logo

Acquisition of Parekss Apdrosinasana by Gjensidige Forsikring

EUR 23m

March 2006

Snoras

Snoras logo

Co-managing a bond issue for bankas Snoras

EUR 175

April 2007

Snoras

Snoras logo

Bond issue

US$ 10m

September 2006

Siauliu Bankas

Siauliu Bankas logo

Advised Siauliu Bankas on issuing bonds

EUR 10m

May 2006

Malsena

Malsena logo

Arranged a bond issue for Malsena Plius

EUR 3.5m

May 2006

SEB / Balta Life

Balta logo

Acquisition of Balta Life by SEB Unibanka

Undisclosed

September 2005

Hansapank

Hansapank logo

Sale of a minority stake in Hansapank to Swedbank

Undisclosed

September 2005

Malsena

Malsena logo

Listing of bond issue on Nasdaq First North alternative market

EUR 5m

December 2015

e-energia

e-energia logo

Bond issue 

EUR 4m

October 2005

Šiaulių Bankas

Šiaulių Bankas logo

Advised Šiaulių Bankas on issuing bonds

LTL 20

Šiaulių Bankas

Royal Unibrew

Royal Unibrew logo

Acquisition of Lacplesa Alus by Bryggerigruppen

Undisclosed

September 2005

Moteris

Moteris logo

Sale of Moteris magazine to Ekspress Grupp

Undisclosed

November 2004

Royal unibrew / Cido Partikas Grupa

Cido logo

Acquisition of Cido Partikas Grupa by Bryggerigruppen

Undisclosed

September 2004

Rokiskio

Rokiskio logo

Rokiškio Sūris SPO

EUR 15m

September 2005

Veju Spektras

Veju Spektras

Capital raise for the development of a 30MW wind park in Vydmantai

EUR 40m

May 2005