Major Assignments - Mergers & Acquisitions

TRINITI advised BayWa r.e. Energy Ventures in leading the €6.4M investment round of Roofit.solar, an Estonian solar roof technology startup

TRINITI Estonia, in association with Norton Rose Fulbright, advised BayWa r.e. Energy Ventures on its investment into Estonian solar power-generating roofing technology start-up Roofit.solar. BayWa r.e. was the lead investor in the €6.4M Series A investment round, the proceeds of which will be mainly used to boost the company’s export and production capacity and to develop new products. Led by partner Ergo Blumfeldt (Mergers & Acquisitions / Private Equity) TRINITI’s Tallinn-based team included associate Peeter P. Mõtsküla (IP/IT).

Sale of majority shares in Raikküla Farmer group

TRINITI advised majority shareholder and long-term manager Tõnu Rahula selling majority shares in Raikküla Farmer OÜ. The assignment included organizing the whole sales process including organizing the tender, finding potential investors, support with audits, preparation and negotiation of agreements. At the end of the process the shares of the majority shareholder were acquired by one of the minority shareholders and a grain grower in the area, Metetra OÜ.  Raikküla Farmer is among the largest agriculture companies in Estonia having a cattle of more than 2 400 bovines in very modern facilities, using more than 3 000 hectars of land, half of which is owned. Raikküla Farmer sells a little less than 10 000 tons of milk per year. The transaction also included Raikküla pig farm.

Advising Apranga Group companies in various commercial & corporate law matters

For more than 10 years, TRINITI Estonia has advised Apranga Group companies in various commercial & corporate law matters, including establishment of subsidiaries, change of share capital, amendment of articles of assocation, change of management board. Read more

TRINITI advised management buyout of Columbus Estonia and Lithuania and separation from Danish group

TRINITI attorneys in Estonia and Lithuania advised a management buyout transaction, whereby General Manager of Columbus in Baltics Ivo Suursoo and CEO of Columbus Lietuva Dovydas Zinkevicius acquired shares in Columbus Eesti AS and Columbus Lietuva UAB and the companies separated from Columbus A/S group listed on Nasdaq Copehagen stock exchange in Denmark. The assignment included preparation and negotiation of transaction documents and advising the whole transaction. Columbus is a leading digital innovation company in the Baltics with 170 employees and turnover in the region of 10,6 million euros.

Nordica acquired full ownership of Xfly from Polish LOT

The Estonian national airline Nordic Aviation Group (Nordica) and the Polish national carrier Polskie Linie Lotnicze LOT S.A (LOT) reached an agreement to end their joint venture in Regional Jet OÜ (Xfly). Nordica purchased LOT’s 49% share in Xfly, a leading European ACMI-services provider, after which Nordica became its sole shareholder. TRINITI transport & infrastructure legal team – partner Tõnis Tamme and senior associate Ain Kalme, advised Nordica in the contract negotiations and assisted with the closing of the transaction.

Advising and representing National Oilwell Varco in the bankruptcy proceedings of AS E-Profiil

TRINITI advised and represented National Oilwell Varco AS (NOV), a leading worldwide provider of equipment and components for oil and gas drilling and production, in the bankruptcy proceedings of AS E-Profiil – one of the largest producer of metal components and constructions in Estonia. The challenging assignment included providing legal advice and taking necessary measures to ensure the completion, financing and due delivery of two large projects by AS E-Profiil undergoing bankruptcy proceedings at the same time. The TRINITI legal team consisted of partner Tõnis Tamme and senior associate Klen Laus.

Acquisition of Empower Group by Enersense International Oyj

TRINITI advised Enersense International Oyj, a company specializing in implementing zero-emission energy solutions, in the acquisition of the Baltic subsidiaries of Empower Group. The emerging Enersense-Empower aims to become a major player serving Nordic and international companies in the industrial, energy and telecommunications sectors. The TRINITI Baltic legal team was led by partner Tõnis Tamme. Read more

Co-operation of Investment Agency and Prudentia

One of the oldest M&A advisories in Estonia – Investment Agency and Prudentia, a leading Latvian corporate finance consultant concluded co-operation agreements to jointly provide corporate finance and M&A advice to private clients in the Baltics under the common Prudentia brand www.prudentia.ee. TRINITI partner Tõnis Tamme and Attorney-at-Law Siim Maripuu advised Investment Agency in contract negotiations. Read more

We advised on the acquisition of Neular OÜ, the only mixed-plastic waste recycler in Estonia

TRINITI’s solicitors advised on the sale of a majority stake in Neular OÜ, which is the only company in Estonia to recycle mixed-plastic waste. Through this acquisition, Neular’s manager, Ilo Rannu, became the company’s sole shareholder. The transaction was advised by solicitors who specialise in providing sworn statements, Karmen Turk and Siim Maripuu, and who assisted the buyer in negotiating the contracts and in the legal preparation and execution of the transaction. Neular OÜ produces terrace tables, growing boxes, wall profiles, and construction solutions from recycled plastic packaging from a base in central Estonia. This is a completely unique series of outdoor furniture solutions which won the 2020 BRUNO Design Award. The furniture is created entirely from the unique, non-decaying, weatherproof, durable material which Neular produces.

Triniti represented Eddy Travels, a Lithuanian startup developing an artificial-intelligence-based digital travel planning assistant

Eddy Travels, a travel tech startup founded by Lithuanians and based in Toronto, has raised €1.1 million in a pre-seed funding round, led by Baltic VC Practica Capital with participation from Lithuanian firm Open Circle Capital, Techstars Toronto, and angel investors.

Founded in 2018, the company has developed an AI travel assistant, which communicates with users via chat apps such as Facebook Messenger, WhatsApp, and Telegram. Pulling from Skyscanner, the digital assistant can search flights, accommodation, restaurants, and travel insurance.

For now the funding will go to immediate product development work that is adapting the app for travelers during the COVID-19 pandemic. Once the disease is contained and travel restrictions lifted, the startup will shift focus and expand into new markets.