TGS Baltic advised Hawesko on entering into a strategic partnership with Dunker Group

13.10.2023 TGS Baltic advised Hawesko on entering into a strategic partnership with Dunker Group

TGS Baltic represented Hawesko, a trading group of quality wines listed on the stock exchange, to conclude a strategic partnership and acquire a 50% stake in Dunker Group OÜ.

Dunker Group OÜ together with its subsidiaries is one of the leading wine sales companies in the Baltic States, with a turnover of just under 80 million and approximately 200 employees. So far, Dunker has been managed by the partners in the partnership, Andres Villomann and Arvo Kask (each with a 50% stake). The last of them sells his share to the Hawesko group and leaves the management. The Hawesko group thus expands its international activities and enters the Baltic market.

We cooperated with the client's leading advisor, Oppenhoff, and conducted a legal and tax audit of the Dunker Group in Estonia, Latvia and Lithuania, and supported the client in the preparation, negotiation and completion of the transaction documents, including the share sale agreement and shareholders' agreement.

TGS Baltic team was led by Kadri Kallas and Mirko Kikkamägi and also included Helmut Pikmets, Sergei Jegorov, Triinu Järviste, Mari Anne Rohtla, Mari-Liis Orav, Eva Arumets, Stina-Maria Lusti, Melmariin Salumäe from Estonia. The Latvian team was led by Andra Rubene, Evija Ābele and Rūdolfs Vilsons. Lithuanian team consisted of Dalia Tamašauskaitė-Žilienė, Rūta Tikuišytė, Jonas Šalna, Loreta Antanaitienė, Aleksandra Fedotova and Marijus Krisčiūnas.