Livonia invests in Telema to help further company's growth
May 2024
We are pleased to share the news of another exciting transaction, namely, we advised our client Livonia Partners Private Equity Fund on the acquisition of a stake Telema, a regional leader in the electronic data exchange market, by conducting financial and tax due diligence.
Digital processes and volumes of digital documents continue to grow in large and small companies across Europe. Additional government mandates will support this growth over the next decade. Telema offers customers by far the largest service in the Baltics, processing nearly 25 million documents a year. Livonia Partners acquires at least a third of the e-data exchange service provider Telema.
The purpose of the investment is to support the growth and expansion of Telema's services. For the transaction to take effect, the permission of the Competition Authority is required, which the parties hope to receive in June.
Financial due diligence team included Raul Ruubel, Jere Robert Hirvi, Anna Krumgolts, Georgi Aksyonov. Martin Tois and Tanja Kriisa were responsible for tax due diligence.
"Together with Livonia, we get access to strategic knowledge and financial leverage to ensure the best customer experience and accelerate our growth plans. We continue to see great growth potential in our field of activity, because the digitization of processes is on the rise throughout Europe," stated Telema's founder and CEO Hele Hammer in a press release.
Contact us
