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TGS Baltic advised the shareholders of one of the oldest and most well-known furniture manufacturers Standard on the sale of their shares to a strategic investor Green Estonia.

01.06.2023 TGS Baltic advised the shareholders of one of the oldest and most well-known furniture manufacturers Standard on the sale of their shares to a strategic investor Green Estonia.

TGS Baltic advised the client during the entire transaction, from assisting the clients during the due diligence exercise (conducted by the Buyer) until negotiation and finalisation of the transaction documents.

The deal was remarkable as prior to the transaction, Standard announced that it will suspend all of its business operations due to the difficult market situation; thus, it was able to sell its halted operations during the lowest point of the market. In addition, Standard is one of the most known trademarks in Estonia. The deal was also legally complex as it involved restructuring and divestment of certain assets from the company prior to the closing.  

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