Corporate M&A

Ellex Klavins is an expert in various transactions, especially those that are sophisticated in nature and present unusual circumstances. We bring in 26 years of experience to craft innovative and practical solutions in order to close a deal.
Our team has advised on numerous deals of importance in the local market and globally, both as an independent advisor and by working closely with the best law firms in Europe and internationally.
We support our clients in the daily life of their business with corporate governance and compliance and liability advice, however, we are most heavily relied upon in the crucial moments – in business structuring and restructuring, strategic changes, new directions and crisis response.
Our corporate services are used by local and multinational companies with operations in the region. Our lawyers are proud of their role as trusted advisors to the key decision makers of our corporate clients.
Key projects in the field

Key contacts

Raimonds Slaidiņš

Senior Partner

Head of Corporate and M&A practice
+371 6781 4848
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Filips Kļaviņš

Senior Partner

+371 6781 4848
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Pēteris Dalderis

Partner

+371 6781 4848
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Zinta Jansons

Tax Consultant
+371 6781 4848
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What's new in field
Ellex and Allen & Overy advise Blackstone on the acquisition of a majority stake in Luminor for EUR one billion
Read more

Key projects in the field

Deal closed: we advised Blackstone on completing the acquisition of a majority stake in Luminor bank for EUR 1 billion
30.09.2019
 
On September 30, 2019 after approvals from the Baltic regulators, the European Commission and the European Central Bank, the US private equity giant Blackstone Group has closed acquisition of a 60 % majority stake of Luminor shares, one of the leading banks in the Baltics, from its owners Nordea Bank and DNB bank for EUR 1 billion.
 
Nordea Bank and DNB bank will retain an equal 20 % equity stake in Luminor. Additionally, Blackstone has entered into an agreement with Nordea to purchase their remaining 20 % stake over the coming years.
 
Ellex together with the global law firm Allen & Overy advised Blackstone on the acquisition of bank Luminor. The Ellex team was led by partner Sven Papp and senior associate Alla Kuznetsova in Estonia. This deal is the largest M&A deal in Baltic history.
 
Luminor was created through a merger of Nordea bank and DNB bank in the Baltics in 2017. It is the third largest bank in the Baltic region.
 
Blackstone is one of the world’s leading investment firms founded in 1985. The firm has over 24 offices with 2 500 employees worldwide. The portfolio companies employ over 400 000 people across the globe.
 
Read more here.
Ellex advised Consolis Group on the acquisition of TMB Group's Latvian and Finnish operations
May 2019
 
Consolis Group, one of Europe’s leading suppliers of precast concrete solutions, will strengthen its position in Northern Europe and Latvia by acquiring a major part of TMB Group, one of the main producers of concrete elements in the Baltics and Finland.
 
Through this acquisition, Consolis reinforces its presence in Northern Europe and Latvia. Those activities benefit from the long-lasting experience of TMB Group which brings more than 50 years of industry expertise and specific capabilities in both residential and non-residential buildings. It operates in Finland through Betonimestarit Oy and in Latvia through TMB Elements SIA. The annual revenues of these local operations acquired by Consolis exceeded €100 million in 2018.
 
Ellex team was led by Partner Sven Papp and included Ellex Raidla Senior Associates Gerda Liik and Martin Maesalu in Estonia, and Ellex Klavins Partner Peteris Dalderis and Senior Associate Reinis Sokolovs in Latvia.
 
More information is available here.
We advised UnifiedPost Group on the acquisition of Fitek Holding
05.04.2019
 
Benelux’s company UnifiedPost Group acquired the Baltic-based Fitek Holding from the private equity fund BaltCap.
 
Ellex advised UnifiedPost Group on the transaction that enabled the creation of a major European FinTech player that is also one of the largest financial technology companies in Europe.
 
UnifiedPost Group, headquartered in Belgium, is one of Europe's leading FinTech companies that helps businesses to digitize and optimize their financial value chain. They provide a complete technology portfolio for identity management, document processing, robotic accounting and apps with added value.
 
Fitek is the market leader in the financial automation process. The company operates in Estonia, Latvia, Lithuania, the UK, Slovakia, the Czech Republic, Serbia and Bosnia and Herzegovina.
 
UnifiedPost was advised by Partner Sven Papp, Counsel Jaanus Ikla and Senior Associate Gerda Liik in Estonia, Associate Partner Sarmis Spilbergs and Associate Marta Cera in Latvia, Partner Paulius Gruodis, Senior Associate Mantas Juška and Arvydas Grušeckas  in Lithuania.