Ellex Raidla has advised IM Arvutid AS on its sale to UP Invest OU, an investment company controlled by Margus Linnamae. Eversheds Sutherland advised the buyers.
According to Ellex Raidla, “IM Arvutid operates under the iDeal trademark in Estonia and Latvia and under the 1Store trademark in Finland, offering Apple products and accessories as well as full customer support as the largest authorized Apple dealer in the Baltic region.”
As a result of the transaction, UP Invest will control both retail chains specializing in the sale of Apple products in Estonia, iDeals and Valge Klaar.
The Ellex Raidla team included Partner Sven Papp and Senior Associate Gerda Liik.
The Eversheds Sutherland team included Managing Partner Maivi Ots, Partner Risto Ruutel, Senior Associate Kadri-Catre Kasak, Legal Adviser Marten Amjarv, and Lawyer Erika Tuvike.