Mergers & Acquisitions

  

   

      

2010

Kalev Chocolate Factory

Kalev Chocolate Factory

was acquired by

Felix Abba/Orkla

Felix Abba/Orkla

Advisor to Felix Abba, one of Finland’s leading food manufacturers and part of Orkla Foods Fenno-Baltic Group, in the acquisition of 100% shareholding in Estonia’s leading chocolate and sugar confectionery company Kalev Chocolate Factory. In addition, the acquisition included related biscuits and flour mix businesses.

     
Advisor to the buy-side
GILD Bankers
   
2009

UAB Alma Littera

UAB Alma Littera

has acquired

Baltos lankos knygynas

Baltos lankos knygynas

Advisor to UAB Alma Littera, the leading Lithuanian book publisher and retailer, in the acquisition of a bookstore chain Baltu Lanku Knygynas

     
Advisor to the buy-side
GILD Bankers
   
2008

Viltechmeda

Viltechmeda

was acquired by

Moog Inc

Moog Inc

Advisor to shareholders of UAB Viltechmeda, producer of AITECS-branded precision syringe infusion pumps in a trade sale to Moog, Inc (USA), a worldwide designer, manufacturer and integrator of precision control components and systems.

 
2008

Põlva Agro

was acquired by

Agrowill Group

Agrowill Group

Advisor to AB Agrowill, the largest Baltic agricultural company, in the acquisition of Põlva Agro AS, the most modern Estonian dairy farming company.

 
2008

Antera

Antera

was acquired by

IMS Group

IMS Group

Advisor to the shareholders of Antera, the largest Lithuanian stainless steel distributor, in the trade sale of the company to IMS Group.

Advisor to the sell-side
GILD Bankers
 
Advisor to the buy-side
GILD Bankers
 
Advisor to the sell-side
GILD Bankers
2008

Puls Brewery

Puls Brewery

was acquired by

Harboe Group

Harboe Group

Advising shareholder of AS Puls Brewery, the fourth largest brewery in Estonia, in the trade sale of the company to Harboe Group.

 
2008

General Financing

General Financing

was acquired by

Societe Generale Consumer Finance

Societe Generale Consumer Finance

Advisor to shareholders of UAB General Financing, a consumer finance company operating in Lithuania under the Kreditas123 brand, in a trade sale to Societe Generale Consumer Finance.

 
2008

Pankade Kaardikeskus

Pankade Kaardikeskus

was acquired by

NETS

NETS

Sellers

Hansapank, SEB, Sampo Pank

Hansapank, SEB, Sampo Pank

GILD Bankers advised Hansabank (Swedbank), SEB and Danske Bank A/S Estonian Branch (Sampo Bank) in the sale of PKK, the national processor of card transactions in Estonia. PKK was acquired by NETS, one of the leading European processors of card transactions representing primarily acquirers in the Nordic countries.

Advisor to the sell-side
GILD Bankers
 
Advisor to the sell-side
GILD Bankers
 
Advisor to the sell-side
GILD Bankers
2008

Moonfish Media

Moonfish Media

was acquired by

Tradus Limited, a subsidiary of

Tradus Limited, a subsidiary of

Advisor to the shareholders of Moonfish Media OÜ in the sale of the company to Tradus Limited, a subsidiary of multinational media group Naspers. Moonfish Media operates the following websites in Estonia and Lithuania: Osta.ee, KV.ee, Aruodas.lt, Edomus.lt, and Skelbiu.lt.

     
Advisor to the sell-side
GILD Bankers
   
2007

Presto Prekyba

Presto Prekyba

was acquired by

SIA Coffee Holding

Advisor to the shareholder of Presto Prekyba, the leading Lithuanian coffeehouse chain and specialized tea& coffee retail company in the trade sale of the company.

 
2007

L.I.O.N.&Ko

L.I.O.N.&Ko

was acquired by

Liviko

Liviko

Sell-side advisory, sale of L.I.O.N. & Ko, a leading distributor of alcoholic beverages in the Baltics, to Liviko AS.

 
2007

Elke Grupp

Elke Grupp

was acquired by

Amber Trust II S.C.A.

Amber Trust II S.C.A.

Advisor to the minority shareholder of ELKE Grupi AS, the leading pan-Baltic car retail group, in the sale of shares to private equity fund Amber Trust II S.C.A.

Advisor to the sell-side
GILD Bankers
 
Advisor to the sell-side
GILD Bankers
 
Advisor to the sell-side
GILD Bankers
2007

AB Levuo

AB Levuo

was acquired by

Aura Estate

Seller

MG Baltic Investment

MG Baltic Investment

GILD Bankers arranged a dual-track sale process of 47.89% of shares of AB Lėvuo, a major apparel and home accessory retailer in Lithuania.

 
2007

Latvijas Energoceltnieks

Latvijas Energoceltnieks

was acquired by

Alta Capital Partners

Alta Capital Partners

Advisor to the shareholder of Latvijas Energoceltnieks Ltd. in the trade sale of the company to the Estonian investment fund Alta Capital Partners. Latvijas Energoceltnieks Ltd. is one of the top construction companies in Latvia.

 
2007

AB Miestprojektas

AB Miestprojektas

was acquired by

COWI Baltic

COWI Baltic

Seller

Koncernas SBA

Koncernas SBA

GILD advised AB Koncernas SBA on the trade sale of AB Miestprojektas, a leading architecture and design company in Lithuania, to a unit of COWI, a global engineering firm.

Advisor to the sell-side
GILD Bankers
 
Advisor to the sell-side
GILD Bankers
 
Advisor to the sell-side
GILD Bankers
2007

Kristiine Kasiino

Kristiine Kasiino

was acquired by

Olympic Entertainment Group

Olympic Entertainment Group

Advisor to Olympic Entertainment Group, one of the leading gaming companies in Eastern Europe, in the acquisition of 100% shares of Estonian casino operator AS Kristiine Kasiino.

 
2007

CV Keskus

CV Keskus

was acquired by

Digital Sky Technologies, Tiger Global Private Investment Partners IV and Bexley International Investments

Advisor to shareholders of CV Keskus in the trade sale of the company to Digital Sky Technologies Ltd, Tiger Global Private Investment Partners IV and Bexley International Investments Ltd. CV Keskus is one of the most popular job portals in Estonia aiming to become equally strong market leader in all Baltic countries.

 
2007

Miratech

Miratech

was acquired by

EDB Business Partner ASA

EDB Business Partner ASA

Advisor to EDB Business Partner ASA in the acquisition of the leading Ukrainian IT company Miratech. EDB Business Partner is a leading Nordic IT group, listed in Oslo Stock Exchange.

Advisor to the buy-side
GILD Bankers
 
Advisor to the sell-side
GILD Bankers
 
Advisor to the buy-side
GILD Bankers
2007

Auto 24

Auto 24

was acquired by

AS Kuldne Börs, a subsidiary of

AS Kuldne Börs, a subsidiary of

Advisor to the shareholders of Auto 24 portal in the sale of the company to Kuldne Börs, a subsidiary of Ilta-Sanomat Oy. Auto 24 is the largest website advertising used and new vehicles in Estonia. Ilta-Sanomat Oy is the leading media group in the Nordic region.

 
2007

Infopulse Ukraina LLC

Infopulse Ukraina LLC

was acquired by

EDB Business Partner ASA

EDB Business Partner ASA

Advisor to EDB Business Partner ASA in the acquisition of Ukrainian IT company Infopulse Ukraina LLC. . EDB Business Partner is a leading Nordic IT group, listed in Oslo Stock Exchange.

 
Advisor to the sell-side
GILD Bankers
 
Advisor to the buy-side
GILD Bankers
 
2006

Aigas Nams

Aigas Nams

was acquired by

Penninn hf

Penninn hf

Advisor to the shareholders of the leading Baltic office supplies distribution company SIA Aigas Nams in the trade sale of the company.

 
2006

Rakvere Piim

Rakvere Piim

has merged with

MAAG Piimatööstus

MAAG Piimatööstus

Advisor to the transaction whereby Estonia’s two major dairy groups Rakvere Piim and MAAG Piimatööstus merged their business operations.

 
2006

Ekoproduktas

Ekoproduktas

was acquired in

leveraged buyout deal

Arranging the leveraged buyout of UAB Ekoproduktas, a Lithuanian company providing waste yeast recycling services to the brewery industry in the Baltics and CEE.

Advisor to the sell-side
GILD Bankers
 
Advisor
GILD Bankers
 
Advisor to the buy-side
GILD Bankers
2006

Rolvika

Rolvika

was acquired in

leveraged buyout deal

Arranging the leveraged buyout of UAB Rolvika, a leading provider of equipment and engineering solutions for food retailers, HoReCa and industry operating in Lithuania, Latvia, Ukraine & Belarus.

 
2006

Novena

Novena

was acquired by

ITAB Shop Concept

ITAB Shop Concept

Advisor to the shareholders of AB Novena in a trade sale to one of the leading shop fittings producer in Europe - ITAB Shop Concept AB. Novena AB is the largest shop fittings producer in Lithuania.

 
2006

Eesti Raudtee

Eesti Raudtee

was sold by

Eesti Vabariigi Valitsus

Eesti Vabariigi Valitsus

Providing fairness opinion to the Ministry of Economic Affairs and Communications in the nationalization process of AS Eesti Raudtee.

Advisor to the buy-side
GILD Bankers
 
Advisor to the sell-side
GILD Bankers
 
Advisor to the sell-side
GILD Bankers
2006

LatCharter Airlines

LatCharter Airlines

was acquired by

Loftleidir Icelandic

Loftleidir Icelandic

Advisor to the shareholders of the leading charter air carrier in the Baltic States LatCharter Airlines in a trade sale to Loftleidir Icelandic, the charter and ACMI-marketing subsidiary of Icelandair.

     
Advisor to the sell-side
GILD Bankers
   
2005

Fotoluks

Fotoluks

was acquired by

private shareholders

Advisor to a group of private investors in the acquisition of AS Fotoluks. The acquisition price was EEK 17 million. AS Fotoluks is active in photography products wholesale and retail and photo services.

 
2005

Baltic Gaming

Baltic Gaming

was acquired by

Olympic Entertainment Group

Olympic Entertainment Group

Advisor to Olympic Entertainment Group, one of the leading gaming companies in Eastern Europe, in the acquisition of Latvian casino operator Baltic Gaming.

 
2005

Fontes Grupp

Fontes Grupp

sold its HR management units in the Baltics

Advisor to the shareholder of AS Fontes Grupp in the trade sale of the group’s HR management units in the Baltics. The companies are leading HR management consulting firms in the Baltics.

Advisor to the buy-side
GILD Bankers
 
Advisor to the buy-side
GILD Bankers
 
Advisor to the sell-side
GILD Bankers
2005

Haapsalu Kuurort

Haapsalu Kuurort

was sold by

Haapsalu City and AS Heal

Haapsalu City and AS Heal

Advisor to the majority shareholders of AS Haapsalu Kuurort in the sale process of the company. AS Haapsalu Kuurort operates Spa-hotel „Laine” in Estonia.

 
2005

Viimsi Tervis

Viimsi Tervis

was acquired by

Askembla Asset Management

Askembla Asset Management

Advisor to the owners of OÜ Viimsi Tervis in the sale process of the company to a financial investor. OÜ Viimsi Tervis operates a Spa-hotel „Viimsi Spa” in Tallinn, providing services of a hotel, health centre, beauty and fitness center.

 
2005

Hansapank

Hansapank

was acquired by

FöreningsSparBanken AB

FöreningsSparBanken AB

Representative of Hansapank’s minority shareholders, accounting for 3.6% of the total shares of the company, in the tender offer made by FöreningsSparbanken AB.

Advisor to the sell-side
GILD Bankers
 
Advisor to the sell-side
GILD Bankers
 
Advisor to the sell-side
GILD Bankers
2005

IT Alise

IT Alise

was acquired by

TietoEnator

TietoEnator

Advisor to the shareholders of IT Alise – software developer and service provider – in the trade sale of 51% of the company share capital to the Finnish-Swedish IT concern TietoEnator.

 
2005

The Wilhelmsen Terminal Ltd.

was sold by

Barwil Agencies

Barwil Agencies

Advisor to Barwil Agencies – one of the world’s leading suppliers of port and marine services – in the sale of its subsidiary The Wilhelmsen Terminal Ltd, through a 100% MBO. Wilhelmsen Terminal Ltd offers stevedoring services in Riga Free Port.

 
2005

Mulgi Reisid

Mulgi Reisid

was acquired by

Hansabuss

Hansabuss

Advisor to AS Hansabuss in the acquisition of 97.2% of shares of AS Mulgi Reisid. Mulgi Reisid operates inner-city, and domestic long distance lines, plus provides bus charter services.

Advisor to the sell-side
GILD Bankers
 
Advisor to the sell-side
GILD Bankers
 
Advisor to the buy-side
GILD Bankers
2004

Ehitus Service

Ehitus Service

was acquired by

Askembla Asset Management

Askembla Asset Management

Advisor to shareholders in the strategic sale of the company. AS Ehitus Service operates one of the largest DIY chains in Estonia.

 
2004

Baltsport SIA

was acquired by

Sportland Latvia

Advisor to SIA Sportland Latvia, a subsidiary of the leading sporting goods retailer in the Baltics, in acquisition of its former Latvian competitor, Baltsport SIA.

 
2004

Mistra-Autex

Mistra-Autex

was acquired by

its management

Advisor to the management of AS Mistra Autex in a buyout deal of 56.8% of shares from other shareholders. As a result the management together with employees controls 100% of the company. Mistra-Autex is a producer of non-woven and tufting roll carpet and carpet products.

Advisor to the sell-side
GILD Bankers
 
Advisor to the buy-side
GILD Bankers
 
Advisor to the buy-side
GILD Bankers
2004

ETS

ETS

was acquired by

Empower EEE

Empower EEE

Advisor to Empower EEE AS in the privatisation of Elektros Tinklu Statyba, an electric grid network construction company in Lithuania. Empower is one of the largest service providers in the energy sector in Finland and the Baltic countries.

 
2004

Latvian Shipping Company

Latvian Shipping Company

 

Advisor to the Latvian Shipping Company on company valuation. The company provides safe and high-quality freight shipments across all the world’s seas and oceans.

 
2004

Nabukas

Nabukas

was acquired by

Libra Group

Libra Group

Advisor to Libra Group, a Lithuanian furniture and furniture parts producer, in the acquisition of Nabukas, a kitchen furniture producer in Lithuania.

Advisor to the buy-side
GILD Bankers
 
Advisor
GILD Bankers
 
Advisor to the buy-side
GILD Bankers
2004

Nemuno Banga

Nemuno Banga

restructuring and sale of 1/3 stake

Advisor to the restructuring of Nemuno Banga and the sale transaction of 1/3 of the shares. Nemuno Banga is a manufacturer of PET preforms and plastic bottles in Lithuania.

 
2004

Limatika

Limatika

was acquired by

Rubicon Group

Rubicon Group

Advisor to the sale of UAB Limatika to Rubicon Group. Limatika is a Lithuanian company providing industrial and energetics engineering products and services. Rubicon is one of the largest groups of enterprises in Lithuania, uniting more that 30 companies.

 
2004

LHV Varahaldus

LHV Varahaldus

has merged with

Seesam Varahaldus

Seesam Varahaldus

Advisor to the merger of AS LHV Varahaldus and Seesam Varahalduse AS. As a result of the merger the largest pension fund manager by the number of funds was created.

Advisor to the sell-side
GILD Bankers
 
Advisor to the sell-side
GILD Bankers
 
Advisor
GILD Bankers
2004

Kinnisvaraweb

Kinnisvaraweb

was acquired by

private investors

Advisor to private investors in a strategic acquisition of Kinnisvaraweb, a residential real estate brokerage website.

 
2004

Subsidiaries of TELE2

Subsidiaries of TELE2

were acquired by

Starman

Starman

Advisor to the transaction whereby Estonia’s largest CATV and broadband operator AS Starman acquired three CATV and broadband companies from TELE2 in Estonia.

 
2004

Moteris

Moteris

was acquired by

Ekspress Grupp

Ekspress Grupp

Advisor to the owners of UAB Moteris, a Lithuanian publisher, in a sale transaction to AS Ekspress Grupp.

Advisor to the buy-side
GILD Bankers
 
Advisor to the buy-side
GILD Bankers
 
Advisor to the sell-side
GILD Bankers
2003

Ösel Foods

Ösel Foods

was acquired by

its management

Advisor to the majority shareholders of AS Ösel Foods, the leading juice and soft drinks producer in Estonia, in the sale of the company to the management in an MBO transaction.

 
2003

Hoetika-ATU

Hoetika-ATU

was acquired by

Lassila & Tikanoja Oyj

Lassila & Tikanoja Oyj

Advisor to the shareholders of SIA Hoetika ATU, the largest Latvian waste management company, in the trade sale of Hoetika to the largest Finnish environmental management company Lassila & Tikanoja Oyj.

 
2003

Connecto

Connecto

was acquired by

Eltel Networks

Eltel Networks

Seller

Eesti Telefon

Eesti Telefon

Advisor to AS Eesti Telefon in attracting a strategic partner for its networks construction and maintenance subsidiary AS Connecto. In the transaction the minority holding in Connecto was purchased by Eltel Networks.

Advisor to the sell-side
GILD Bankers
 
Advisor to the sell-side
GILD Bankers
 
Advisor to the sell-side
GILD Bankers
2003

Eesti Post

Eesti Post

 

Advisor to the national postal services company AS Eesti Post in the evaluation of potential acquisition targets.

 
2003

TAK Reisid

was acquired by

Hansabuss

Hansabuss

Sellers

Tallinna Autobussikoondise AS

Advisor to AS Hansabuss in the acquisition of 100% shares of AS TAK Reisid from Tallinna Autobussikoondise AS, the inner-city bus transportation company owned by the City of Tallinn.

 
Advisor
GILD Bankers
 
Advisor to the buy-side
GILD Bankers
 
2002

Lõhmus Haavel & Viisemann

Lõhmus Haavel & Viisemann

sold its stake in

Amserv Grupp

Amserv Grupp

Sale of its 28% stake in Amserv Group, one of the leading car retailers in the Baltics. Amserv sells Toyota, Opel and Lexus brands in the Baltics.

 
2002

Balteco

Balteco

was sold by

minority shareholder

Advisor to the minority shareholder of AS Balteco, the largest Estonian whirlpool and massage cabins producer, in the sale of 33.4% shares.

 
2002

AB Virqula

AB Virqula

was acquired by

strategic investor

Advisor to the strategic sale transaction of Lithuanian electric energy company AB Virqula.

Advisor to the sell-side
GILD Bankers
 
Advisor to the sell-side
GILD Bankers
 
Advisor to the sell-side
GILD Bankers
2002

Eesti Elektrivõrkude Ehitus

Eesti Elektrivõrkude Ehitus

was acquired by

PVO Palvelut Oy (Empower Oy)

PVO Palvelut Oy (Empower Oy)

Advisor to the minority shareholders of AS Eesti Elektri-võrkude Ehitus, an electric engineering company, in the sale transaction to Finnish company PVO Palvelut Oy (Empower Oy).

 
2002

Sanatorija "Egle"

Sanatorija "Egle"

was privatised

Advisor to the buyer of Sanatorija Egle in the privatization process. Sanatorija Egle is a treatment and rehabilitation centre in Lithuania.

 
2002

SIA Dati

SIA Dati

was acquired by

Anite Group

Anite Group

Advisor to the shareholders of the leading Latvian IT system integration and software company SIA Dati in the trade sale of Dati to European IT consultancy and outsourcing provider Anite Group, listed on London Stock Exchange.

Advisor to the sell-side
GILD Bankers
 
Advisor to the buy-side
GILD Bankers
 
Advisor to the sell-side
GILD Bankers
2002

Osta.ee

Osta.ee

was acquired by

Lattelekom

Lattelekom

Advisor to the shareholders of an Estonian leading auctions manager, OSTA.EE, in a sale of its minory stake to a Latvian telecom company, Lattelekom

     
Advisor to the sell-side
GILD Bankers
   
2001

FKSM

FKSM

was acquired by

YIT Construction

YIT Construction

Advisor to Estonian construction company AS FKSM and its majority shareholders in the trade sale of 53.76% shares to the Finnish leading construction group YIT Construction.

 
2001

Vilniaus Farmacijos

Vilniaus Farmacijos

was privatised

Advisor to the buyer in the privatisation transaction. Vilniaus farmacijos is a pharmaceutical company in Lithuania.

 
2001

Tallinna Küte

Tallinna Küte

was rented to

Dalkia International

Dalkia International

By

Tallinn City

Tallinn City

Advisor to Tallinn City in renting out its district heating company AS Tallinna Küte. The 30 year concession agreement was signed with French company Dalkia.

Advisor to the sell-side
GILD Bankers
 
Advisor to the buy-side
GILD Bankers
 
Advisor
GILD Bankers
2000

AB Lietuvos Energija

AB Lietuvos Energija

EUR 60,000,000

Arranged an unsecured syndicated loan for AB Lietuvos Energija.

 
2000

Eesti Elektrivõrkude Ehitus

Eesti Elektrivõrkude Ehitus

was acquired by

PVO Palvelut Oy (Empower Oy)

PVO Palvelut Oy (Empower Oy)

Advisor to the minority shareholders of AS Eesti Elektri-võrkude Ehitus, an electric engineering company, in the sale transaction to Finnish company PVO Palvelut Oy (Empower Oy).

 
2000

Tallinna Vesi

Tallinna Vesi

was acquired by

International Water

International Water

Advisor to International Water in privatisation of 50.4% of shares in AS Tallina Vesi. The deal value was 1.34 billion EEK. Tallinna Vesi is the monopoly provider of water and sewarage services in Tallinn.

Advisor
GILD Bankers
 
Advisor to the sell-side
GILD Bankers
 
Advisor to the buy-side
GILD Bankers
2000

AS ESTV

was acquired by

LNT

LNT

Advisor to LNT, the largest private TV station in Latvia, in the acquisition of 100% of AS ESTV, the operator of TV1 in Estonia.

 
2000

SIA Nordeka

SIA Nordeka

was sold by

AS Eesti Buss

Advisor to AS Eesti Buss, an Estonian bus operator, in selling 51% of its shares in its subsidiary Nordeka. SIA Nordeka is an intercity and long-distance bus operator in Latvia.

 
Advisor to the buy-side
GILD Bankers
 
Advisor to the sell-side
GILD Bankers
 
1999

AS Fanaal

AS Fanaal

was acquired by

Kesko Oyj

Kesko Oyj

Advisor to the minority shareholders of AS Fanaal, an Estonian DIY retailer, in the sale of the company.

 
1999

Norma

Norma

was acquired by

Autoliv

Autoliv

Advisor to Norma Group in the trade sale of 49.5% shares of AS Norma to the world’s leading automotive safety company Autoliv.

 
Advisor to the sell-side
GILD Bankers
 
Advisor to the sell-side
GILD Bankers