No Match Found
PwC advised Livonia Partners, a private equity firm operating in the Baltic States, that invested in Bestair Group and Zave Group, both of which offer environment-friendly indoor climate solutions.
As a result of the deal, Livonia investment fund now owns 33% of both Groups, while Ivo and Jaan Kõpper, founders of the companies, both own 33,5%.
PwC performed financial and tax due diligence of Bestair and Zave. The deal was supported by the contribution of PwC Estonia’s team that included financial experts Allar Karu, Andrea Pärtelpoeg, Karl Johann Luht and Külli Kimsto and tax experts Tanja Kriisa and Martin Tois.
Bestair Group is a reseller in the rapidly growing field of environment-friendly indoor climate solutions. Bestair’s web based B2C business line Zave is the widest reaching sales platform for renewable energy solutions in North Europe. It is hoped that the platform will grow exponentially during the next few years. Bestair and Zave operate in a total of eight countries and their annual turnover exceeds 60 million euros.
Livonia Partners is a private equity firm operating in the Baltic states, whose volume of assets is 230 million euros. Livonia’s investment aims to support the ongoing growth of Bestair and Zave on various markets and in various business lines.
More information about the deal in Estonian:
Tallinn, PwC Estonia
Tel: +372 6141 800