Olger Kaelep

Olger Kaelep

Senior Associate
Tallinn, Estonia

Olger advises credit institutions, fintech and crowdfunding companies, insurers and payment service providers.

  • About

    Olger has advised credit institutions, fintech and crowdfunding companies, insurers and payment service providers. He has assisted in the restructuring, including cross-border mergers, of several financial sector companies. Olger has also advised ICT companies in various legal matters, such as copyright and intellectual property issues. Through his work experience at SEB Bank, first as a credit lawyer, later in a managerial role, he has extensive practical knowledge of a wide variety of credit and collateral contracts, as well as complex financing deals.

  • Major Projects
    • 29.05.2024

      TGS Baltic advised NIB on granting an investment loan of EUR 16.1 million to TKM Kinnisvara AS to finance the construction of a logistics center. 

      TGS Baltic advised Nordic Investment Bank (NIB) on granting an investment loan of EUR 16.1 million to TKM Kinnisvara AS, a member of the TKM Group, to finance the construction of a logistics center. 

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    • 21.02.2024

      Strategic acquisition: TGS Baltic advised IFCO SYSTEMS in acquiring 100% BEPCO OÜ shares

      Guiding IFCO SYSTEMS to Baltic expansion – TGS Baltic facilitates strategic BEPCO acquisition

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    • 31.10.2023

      TGS Baltic advised TKM Finants AS in obtaining a creditor's activity license

      We advised TKM Finants AS, a subsidiary of Nasdaq-listed Tallinna Kaubamaja Grupp AS, in applying for a creditor's activity license from the Estonian Financial Supervision Authority and providing consumer credit services.

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    • 12.09.2023

      TGS Baltic advised Värska Originaal, the leading mineral water producer in Estonia, on a buyout of its minority shareholders and refinancing of the company

      TGS Baltic acted as a legal adviser to Värska Originaal and its shareholders. Our team advised on negotiating the terms of the transaction in which the client acquired additional shares of Värska Originaal.

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    • 15.03.2023

      Crowdestate was the first in Estonia to receive a crowdfunding service provider activity license

      On 3 March, the Estonian Financial Supervision Authority granted Crowdestate AS a crowdfunding service provider activity license, which gives it the right to facilitate the granting of loans and to offer investment-based crowdfunding services. 

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    • 14.08.2022

      TGS Baltic advised Starship Technologies in obtaining EUR 50,000,000 loan from European Investment Bank

      TGS Baltic acted as local Estonian counsel and advised the client on all Estonian law matters, from negotiation and finalisation of the security package for Estonia until closing of the financing.

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    • 18.05.2022

      TGS Baltic advised Truffle Capital on leading a 5.5 MEUR investment into insurtech startup Cachet

      Law Firm TGS Baltic advised the European fund Truffle Capital SAS on leading a 5.5 MEUR investment round into startup Cachet, which provides smart insurance solutions. TGS Baltic advised the client during the entire transaction, from legal due diligence of Estonian companies to drafting and negotiating the transaction documents and closing the investment.

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    • 27.12.2021

      TGS Baltic was the main legal counsel in EUR 16 000 000 bond issue by ESTO Holdings OÜ

      TGS Baltic was the main legal counsel in the EUR 16 000 000 senior-secured bond issue by ESTO Holdings OÜ, the parent company of ESTO Group, which provides automated financing and payment solutions.

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    • 26.11.2021

      TGS Baltic advised Eleving Group concerning a bond issue with the total volume of EUR 150,000,000.

      Eleving Group issued in October 2021 bonds in the amount of EUR 150,000,000, to be listed on the Frankfurt Stock Exchange - one of the largest bond issuances by a private company based in the Baltics.

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    • 26.07.2021

      We advised Merko Ehitus Eesti on acquisition of 35% holding in Connecto Eesti

      TGS Baltic advised Merko Ehitus Eesti AS, the largest construction and property development company in Estonia, on the acquisition of a 35% holding in the company Connecto Eesti.

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    • 21.06.2021

      The Estonian Financial Supervision Authority granted a payment institution activity licence to Crowdestate

      The activity licence grants Crowdestate the right to execute payment transactions, including transfer funds to a payment account opened with a payment service provider.

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    • 29.10.2020

      TGS Baltic Latvia and Estonia provided legal support to joint global co-ordinators and joint bookrunners with respect to IPO of 20,000,000 shares of AB “Ignitis grupė”, as part of which EUR 450 million were raised.

      TGS Baltic Latvia and Estonia provided legal support to joint global co-ordinators and joint bookrunners with respect to the initial public offering (IPO) of 20,000,000 shares of AB “Ignitis grupė”, a leading utility and renewable energy company in the Baltics, as part of which the company raised capital in the amount of 450 million euros.

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  • CV

    Memberships

    2006
    Estonian Bar Association

    Professional career

    Since 07/2020
    Senior Associate, law firm TGS Baltic
    2018-06/2020
    Attorney, Law Office FORT
    2015-2018
    Head of Legal for Credit Relations, SEB Bank Estonia
    2012-2015
    Lawyer, SEB Bank Estonia
    2007-2011
    Attorney, Law Office Tark Grunte Sutkiene
    2006-2007
    Lawyer, Law Office Tark Grunte Sutkiene
    2004-2006
    Advisor, Estonian Ministry of Justice
    2002-2004
    Lawyer, Estonian Agricultural Registers and Information Board
    2001
    Lawyer, Tartu City Government

    Education

    2003
    University of Tartu, Institute of Law, Master of Law
  • Publications