Ergo Blumfeldt

During his more than 20 years of practice Ergo has advised on a number of significant transactions in the Estonian M&A market such as:

• Advising City of Tallinn and OÜ Utilitas in acquisition of controlling stake in OMX-listed AS Tallinna Vesi i EUR 120 million and subsequent mandatory takeover offer (2021)
• Advising on state aid to the amount of EUR 30 million which had been granted by Nordic Aviation Group AS (Nordica), including state aid authorisation by the European Commission (2020)
• Advising the owners of OÜ Utilitas on the involvement of EDIF II, with a transaction value of over 300 million euros (2018)
• Advising Transpordi Varahaldus OÜ in the largest private finance investment into Estonian aviation, issue of bonds and acquisition of 2 Bombardier CRJ900 aircraft (2017)
• Advising Atomico in Pipedrive Series B round (2016)
• Advising on state aid to the amount of EUR 30 million which had been granted by Nordic Aviation Group AS (Nordica), including state aid authorisation by the European Commission (2020)
• Advising the owners of OÜ Utilitas on the involvement of EDIF II, with a transaction value of over 300 million euros (2018)

• Advising Transpordi Varahaldus OÜ in the largest private finance investment into Estonian aviation, issue of bonds and acquisition of 2 Bombardier CRJ900 aircraft (2017)
• Advising Atomico in Pipedrive Series B round (2016)
• Advising the Republic of Estonia on foundation of Transpordi Varahalduse OU, owner of 7 Bombardier CRJ900 aircraft leased to national airline Nordica (2015)
• Advising the Republic of Estonia in connection with negotiations of the Shareholders Agreement for the Rail Baltic joint venture between the governments of Estonia, Latvia and Lithuania (2014)
• Advising Utilitas OÜ, in its acquisition of Tallinna Elektrijaam OÜ (the Tallinn Power Station, a modern CHP plant in Tallinn – 2011), Tallinna Küte AS and Eraküte AS (district heating companies in Tallinn and eight other cities in Estonia – 2012)
• Advising NG Investeeringud OÜ (a leading Estonian private investment undertaking) in all of their acquisitions during 2005–2008
• Sale of Estonian Railways Ltd. to the Estonian Government (2007)
• Sale of one the largest Estonian shopping centers, Rocca al Mare (2005)