- Acted as the Estonian legal adviser to D1 Capital Partners LP (“D1”) whose affiliate was the lead purchaser in the secondary purchase of the shares of Bolt Technology OÜ (“Bolt”) from DiDi (HK) Science and Technology Limited and Rosy Passion Investment Limited (the “Sellers”). Our team also had a coordinative role among all co-purchasers, which included Darsana, certain Naya entities and individuals, GCM Grosvenor, Korelya, Alanda and certain others. As a result of the transactions, the Sellers exited from Bolt. This was one of the most high-value transactions last year.
- For the purposes of preparing the sale of the cash business we advised G4S on complex restructuring to separate the cash business from the security business. The restructuring included foundation of two subsidiaries and two demergers in the course of which G4S Estonian cash business company was transferred to one of the founded subsidiaries and the shares in all Baltics cash companies were transferred to the other founded subsidiary which shares were sold. The restructuring included assistance with negotiations and applications to the authorities to obtain relevant licences of the Estonian cash business.
- Advising Scoro in completing a $16.4 million Series B financing round. Scoro is an Estonian start-up specializing in the creation of work management software. The lead investor in the round was Kennet Partners, a leading international growth equity firm with previous investors, Columbia Lake Partners, Inventure, Livonia Partners and Tera Ventures also participating. The investment is significant because moved Scoro into an elite group of Estonian start-ups, which have raised more than $20 million in venture capital, including Skype, Wise, and Bolt. Eversheds advised the client in the Estonian corporate aspects of the investment.
- Advising Eesti Keskkonnateenused on all aspects of an M&A transaction which ultimately took the form of a management buyout. The mandate included the conduct of vendor-due-diligence, development of the legal structure of the management buyout, development of the financing structure for the transaction, drafting and negotiating the share-purchase documentation, the shareholders’ agreement, all the corporate documentation and a large part of the financing documentation as well as managing an unusually complex and time-critical closing process.
- Advising Swiss bank in establishing a collateral structure for a commodity financing arrangement in relation to a cross-border deal of up to $ 100m.
- Advising on the establishment of a AIFM as well as a fund. The mandate included all the legal work pertaining to the establishment, registration, and licencing of the AIFM as well as drafting of the LPA and establishment of the fund. A particular trait of this mandate was the rather tight timing between our engagement and the fully operational fund receiving first investments.
- Advising an African commercial bank on the Estonian law aspects of a facility agreement. The advice covered certain rather complex issues pertaining to applicable law (particularly to security arrangements), security arrangements themselves and rules on the jurisdiction.
- Advising IPF Digital AS with the process of application for the e-money license from the Estonian Financial Supervisory Authority. As the result, the Client obtained the licence in January 2021 and became the second e-money institution licenced in Estonia. IPF Digital AS is one of the largest consumer credit service providers on the Estonian (and the Baltic) market. The Client´s parent company International Personal Finance Plc is listed on the London Stock Exchange.