The transaction services team of PwC Estonia had another successful year in 2018. We were trusted to represent leading industry players and to help create value in Estonia’s largest merger and acquisition deals of the year.
PwC advised Estonian green energy company Enefit Green in acquiring Nelja Energia, the largest producer of renewable energy in the Baltic States. This was the biggest M&A deal of the year in Estonia, amounting to nearly EUR 500 million
PwC assisted Estonian leading heating network operator Utilitas in its sale of majority of shares to € 2.1 bn European infrastructure fund EDIF II managed by First State Investments
PwC advised region’s largest provider of casino entertainment Olympic Entertainment Group, in its sale of ownership to Novalpina Capital for EUR 288 million
PwC helped Ermitazas, a DIY store chain operated by Vilniaus Prekyba, one of the largest business groups in Lithuania, in buying the Estonian DIY store chain Bauhof
PwC advised Ha Serv (investment in Livonia Partners portfolio), Europe’s largest manufacturer of sauna materials and ready-made saunas, in its merger with Thermory, the leading producer of thermally modified wood, leading to the creation of a global market leader in these segments
PwC advised one of Estonian biggest web retailers Hansapost in its merger with Finnish Hobby Hall, that created the enterprise with annual revenue over EUR 80 million
PwC assisted the European leading precast concrete solutions provider Consolis in purchasing the TMB Group, having the concrete factories in Estonia, Finland and Latvia
PwC advised private equity fund Livonia Partners in €4.4 million Series A investment into Estonian business management platform Scoro
Teet Tender, head of PwC Advisory Services in Estonia and Baltics, commented his teams success saying that PwC has an unrivalled position in Estonian transaction services advisory market. Senior members of our team have extensive experience and this is making us the preferred and most trusted advisors in Estonia and other Baltic countries.
Partner, Baltic Advisory Leader, PwC Estonia
Tel: +372 5621 8528