TGS Baltic advised Royal Vopak N.V and Global Ports Investments PLC on the sale of the shares of Vopak E.O.S., an independent oil terminal operator in the Baltics, to Abu Dhabi-based Liwathon. The new name of the logistics company will be Liwathon E.O.S.

Cobalt has advised BaltCap on the sale of its 95% stake in Baltic-based Fitek Holding to the UnifiedPost Group, which was advised by Belgian law firm Quorum and Ellex Raidla.

Sorainen has advised FinEst Bay Area Development on signing a memorandum of understanding for EUR 15 billion in financing with China’s Touchstone Capital Partners for an undersea train tunnel linking Helsinki with Tallinn.

Cobalt has advised Nextclinics International GmbH on the acquisition of a 100% stake in reproductive medical services provider F-Est OU, the owner of the Fertility Clinic Nordic assisted reproductive technology clinic. The value of the deal was not disclosed.

Mannheimer Swartling and Avance Attorneys have advised the Finnish investment company CapMan on divestment of Maintpartner's operations in Finland, Estonia, and Poland to the maintenance and facility management company Caverion.

Ellex Raidla has advised Magnetic MRO, a global provider of technical care for aircraft operators and lessors, on a bonds issue worth a total of EUR 8 million.

Sorainen and Gunderson Dettmer in Los Angeles have advised Brainbase on a successfully completed USD 1 million seed round. The round was led by Tera Ventures, with participation from Sterling Road and several angel investors, including Severin Hacker, Andrew Rabin, and Hamid Barkhordar.

Upon reflection, 2018 feels like a year of reversal – the long economic expansion, fueled by quantitative easing by central banks, is losing steam, love for FAANGs and Big Tech turned into techlash, trade wars emerged and escalated, a negotiated divorce between the UK and the EU is descending into a disorderly no-deal Brexit, and so on. There is much to ponder in the short-term. Long-term challenges for the legal profession, however, lie elsewhere.

Triniti has advised the owners of OU Utilitas on the acquisition of an 85% shareholding of the company by investment fund EDIF II.

Former TGS Baltic Counsel Kristina Laarmaa has joined KPMG Law in Estonia as Head of Public Procurement, Construction, Real Estate & Environment and Lauri Liivat has joined as Head of the firm's Corporate Transactions and Technology Sector Group.

Cobalt has advised the European Investment Bank on a EUR 12 million quasi-equity loan it provided to Estonian company Elcogen.

TGS Baltic has advised Sweden's LMT Group AB on the acquisition of PLM Group companies in Latvia, Estonia, Sweden, Denmark, Finland, Norway, and Iceland. The LMT Group was also advised by Sweden's Wesslau Soderqvist Advokatbyra and Finland's Hasto & Co.

Nove has successfully represented Estonian bus transport service provider AS SEBE in a dispute regarding a public service contract worth more than 21 million euros.

Cobalt has advised London-based Vink Group, Europe’s largest semi-finished plastics distributor, on its acquisition of three Baltic companies, OU Proplastik, SIA Proplastik, and UAB Proplastik. TGS Baltic advised the Proplastik shareholders on the transaction. Financial details were not disclosed.

Cobalt has advised the Jersey-based fund Scope Growth III L.P. on Estonian aspects of its acquisition of the lingerie brand Miss Mary of Sweden.

Glimstedt has advised APL Restaurants, a member of Estonia's Apollo Group, on its acquisition of Ozo Boulingas from the Akropolis Group.

Cobalt Estonia has advised French real estate fund Corum Origin on its acquisition of an industrial building that is fully leased to Harmet OU for 15 years under a sale and leaseback transaction.

Cobalt has advised Finnish private equity fund KJK on its acquisition of a 50% stake in Estonian Tahe Outdoors OÜ. Subsequently, Ellex Raidla advised Tahe Outdoors on its use of those funds to acquire BIC Sport for somewhere between EUR six and nine million, creating the second largest water-sports equipment producer in Europe.