Sander Kärson

TGS Baltic advised the Estonian national postal service provider Eesti Post (Omniva) on the purchase of certain assets from Parcelsea.

TGS Baltic advised the Estonian national postal service provider Eesti Post (Omniva) on the purchase of certain assets (network of smart mailboxes and related IP rights) from Parcelsea (Estonian based startup concentrating on developing innovative delivery solutions). TGS Baltic advised the client during the entire transaction, from assisting the client during due diligence exercise until drafting, negotiating and closing of the transaction documents.

TGS advised shareholders of Eesti Digiraamatute Keskus (EDRK) on the sale of a minority stake in EDRK to PE fund BaltCap

EDRK is the absolute market leader in digitalizing books in Estonia. TGS advised the client during the negotiating the transaction documents and closing the transaction.

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.

TGS Baltic advised the Estonian Museum Association on developing the Museum Card service

On 11 April 2023, the foundation Muuseumikaart began operating, providing culture enthusiasts with a simpler way to visit various museums located in Estonia. Purchasers of the innovative Museum Card can visit over 100 museums and 500 exhibitions an unlimited number of times within a year.

TGS Baltic advised on a EUR 11.6 million investment transaction in Estonia

TGS Baltic advised the venture capital fund Inventure on leading the financing round by which EUR 11.6 million was raised for the startup Jobbatical, which provides relocation and immigration services for international companies.

TGS Baltic advised on the sale of shares between esteemed Estonian companies

The TGS Baltic team advised Sulev Sisask, the majority shareholder of Ordi AS, one of the oldest IT hardware companies in Estonia, on the sale of shares to Klick Eesti AS, the process that lasted for two months was led by Sander Kärson, the managing partner at TGS Baltic.

Sunly acquired Polish solar power developer Alseva

TGS Baltic senior associates Sander Kärson, Maris Vutt, and Kärt Raud advised the renewable energy producer Sunly on its acquisition of a 100% holding in the Polish solar power business Alseva Group.

TGS Baltic advised LHV Pension Funds on the acquisition of the first office building in Estonia designed according to the Green Building concept

TGS Baltic experts advised LHV Varahaldus AS which manages LHV Pension Funds on acquiring the registered immovable located at Sõpruse pst 157, Tallinn, Estonia.

Varahalduse Kinnisvarainvesteering 004 OÜ, which belongs to LHV Varahaldus AS, entered into a contract with OÜ Sõpruse 157 to acquire the registered immovable located at Sõpruse pst 157. The owner of Varahalduse Kinnisvarainvesteering 004 OÜ is LHV Group, which is listed on the Tallinn Stock Exchange, through LHV Varahaldus.

Cybernetica sells its digital air traffic management tower technology to Adacel

TGS Baltic advised Cybernetica on selling their digital air traffic management tower technology to Adacel, a global leader in providing air traffic management technology and services.

We advised LHV pension funds on acquiring a production building from Ensko Ensek AS

The purpose of the transaction was to grow the rental property portfolio of LHV pension funds, managed by LHV Asset Management, incl. to increase the percentage of storage and industrial area in the current property portfolio. 

TGS Baltic advised Estateguru on raising series A round investment of EUR 5.8M

Founded in 2013, Estateguru is the leading Pan-European marketplace that facilitates property-backed loans for developers/SMEs and investment opportunities for their global investor base. 

We advised FitSphere on raising seed-round investment from various investors

TGS Baltic drafted the relevant transaction documents and advised the client on the whole process from negotiating the shareholders’ agreement with the lead investor to finalising the capital raising.

We Advised One of Baltics’ Largest Real Estate Companies Kapitel on Acquisition of 50% Holding in Logistics Property Company Nordassets

The main area of activity of Nordassets is development, acquisition, management and leasing of industrial property. The enterprise owns logistics centres with approximately 59,000 m² space for rent and a registered immovable with a detailed plan in Rae Rural Municipality in Harju County, the main lessee of which is Smarten Logistics. The transaction will take effect after obtaining approval from the Estonian Competition Authority.

TGS Baltic advised the sale of one of the newest and most modern fuel terminals in Estonia

We advised the sale of AS Kroodi Terminal, one of the newest and most modern fuel terminals in Estonia and MK Kamion OÜ, a fuel wholesaler, to Terminal Oil OÜ.

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.

We advised Estateguru’s equity fundraising campaign on Seedrs

TGS Baltic advised Estateguru’s equity fundraising campaign on Seedrs, an equity crowdfunding platform based in London, UK, raising approximately EUR 900,000 from more than 1,100 Seedrs’ investors, accompanied by another investment of EUR 100,000 from Estonia and converting loans from previous rounds into the equity of the company.

TGS Baltic advised international company Iron Mountain Inc., which provides worldwide services on data and records management

Our team have provided an overview of the time limits for the preservation of documents, and active obligations regarding the submission of documents to public authorities.

TGS Baltic advised a producer of precast concrete products AS Framm on the acquisition of AS Lasbet Tootmine, an undertaking operating in the same field

With the help of TGS Baltic team, a producer of concrete elements and products AS Framm entered into a transaction by which it acquired an undertaking operating in the same field AS Lasbet Tootmine, making AS Framm the largest producer of concrete elements and products in Estonia.

TGS Baltic advised client in acquiring headquarter of Danske Bank

Our team advised real estate company KEK Arendus OÜ belonging to Rondam Group, on buying the office building of the branch of  Danske Bank A/S located in Tallinn city centre and on concluding a lease contract with the current user of the building branch of Danske Bank A/S. TGS Baltic helped the client in conducting negotiations regarding transaction documents (incl. contract of sale and lease contract) and on carrying out merger clearance.

TGS Baltic advised Veho on selling its subsidiary

TGS Baltic advised the largest car dealership in the Scandinavian and Baltic region Veho on selling its subsidiary Veho Eesti AS. In addition, we advised in the sale of two registered immovables where Veho car show rooms operate. Established in 1992, Veho Eesti was, until now, engaged in import of Citroën passenger cars and utility vehicles and retail sale of Honda.

TGS Baltic advised the shareholders of OÜ Eesti Digiraamatute Keskus in selling a majority shareholding to a leading Russian publisher OOO “LITRES”

TGS Baltic advised the shareholders of OÜ Eesti Digiraamatute Keskus in selling a majority shareholding in OÜ Eesti Digiraamatute Keskus to OOO “LITRES”, a leading Russian publisher as well as no. 1 ebook distributor and seller in Russia.

TGS Baltic advised Global Rubber Industries (Pvt) Ltd in purchasing the shares of Nortire OÜ

TGS Baltic advised Global Rubber Industries (Pvt) Ltd in purchasing the shares of Nortire OÜ, a leading distributor of speciality tires in the Baltics, Belarus and Western Russia.

Advising Ares Management regarding USD 120 million financing agreement with Teligent

TGS Baltic's team, led by Partner Sander Kärson, advised Ares Management, a global alternative asset manager, on Estonian law matters for a USD 120 million financing agreement with Teligent, Inc., a U.S. Nasdaq-listed specialty generic pharmaceutical company active in the United States, Canada and Estonia.

Advising Proplastik on selling its business to Vink Group

TGS Baltic’s cross-border M&A team led by partner Sander Kärson advised the owners of Proplastik in Estonia, Latvia and Lithuania in selling their business to Europe's largest plastic wholesaler Vink Group.

Advising Astel Group on acquiring 95% ownership in Rakvere Metsamajand

Estonian M&A team of TGS Baltic led by partner Sander Kärson advised Astel Group on acquiring 95% ownership in the oldest timber log houses manufacturer in the Baltics, Rakvere Metsamajand (acting under the trademark Nordic Timber Homes).

Advising Ermitažas in acquiring Bauhof

TGS Baltic advised UAB Ermitažas, a major Lithuanian chain offering finishing goods, gardening items, and construction materials, in the acquisition of the Estonian company Bauhof, which is a leader in the same sector. After the acquisition UAB Ermitažas became the third largest merchant of construction materials and household items in the Baltics.

Advising Eesti Ühistukapital in acquiring 5% ownership in Coop Pank from Inbank

Inbank and Eesti Ühistukapital signed an agreement, as a result of which Eesti Ühistukapital will acquire 5% of Coop Pank's shares from Inbank.

Euroapteek completed the transaction to acquire Ülikooli Apteek pharmacy network

Estonian M&A team of TGS Baltic led by partners Kadri Kallas and Sander Kärson advised Euroapteek on the acquisition of Ülikooli Apteek pharmacy chain in Estonia.

Advising EstateGuru in funding its largest ever P2P loan and entering the Finnish market

TGS Baltic advised property lender EstateGuru in a cross-border financing transaction where EstateGuru provided a 1,6 MEUR loan to Finnish based printing house Libris Oy for purchasing real estate. With funding the platform’s largest ever loan in the country’s capital, the peer-to-peer platform entered in Finnish market.

Advising Euroapteek on the acquisition of Ülikooli Apteek pharmacy chain in Estonia

Estonian M&A team of TGS Baltic led by partners Kadri Kallas and Sander Kärson advised Euroapteek, part of the Nordic and Central and Eastern Europe’s leading pharmacy group Euroapotheca, on the acquisition of Ülikooli Apteek pharmacy chain in Estonia, after which Euroapteek integrated 13 Ülikooli Apteek branded pharmacies to its network of 73 pharmacies.

Advising LHV Pension Funds on investing into Lithuanian based cable TV and internet services provider Cgates

The cross-border team at TGS Baltic led by associate partner Kadri Kallas (Estonia) advised one of the largest Baltic pension fund managers LHV Pension Funds on investing in Cgates, a leading Lithuanian provider of cable television and internet services, together with consortium partners Livonia Partners, a pan-Baltic private equity firm, and Ambient Sound Investments.

Advising Citypark Eesti in selling its shares to Modus Group

The firm’s M&A team led by associate partner Kadri Kallas advised Citypark Eesti, one of the largest parking services providers in Estonia, on selling its shares to a Stova which belongs to the Lithuanian headquartered Modus Group.

Advising Cybernetica on selling navigation systems business unit to a Canadian corporation

The firm’s M&A team led by associate partner Sander Kärson advised Cybernetica in selling its navigation systems business unit, including EKTA branded products and contracts, to Carmanah Technologies Corporation.

Advising AK Systems in selling IT services business to Telia Estonia

The firm’s M&A team led by associate partner Sander Kärson advised IT company AK Systems in selling its IT services business to the largest IT and telecom company in Estonia, Telia Estonia.

Advising Viru Haigla on the acquisition of Karell Kiirabi

The firm’s M&A team led by associate partner Sander Kärson advised the strategic investor Viru Haigla on the acquisition of Karell Kiirabi from U.S. Invest.

Advising the sale of GoAdventure to Avia Solutions Group

The firm’s M&A team led by associate partner Sander Kärson advised Avia Solutions Group, a Lithuanian capital-based aviation holding corporation listed on the Warsaw Stock Exchange, on the acquisition of the Estonian tour operator GoAdventure.

Advising Cybernetica on entering into cooperation agreement with Smartmatic

The firm's corporate law team has advised Cybernetica, the Estonian R&D lab that built the original Internet voting system used in Estonia, on entering into a cooperation agreement with Smartmatic, the leading international company producing automated election systems.

Advising the sale of Cinamon cinema chain

The firm's M&A team advised on the sale of shares in the Cinamon Group of companies from GILD Arbitrage venture capital fund to DLT Capital.

Advising Pigu, the largest e-commerce company in the Baltics, on acquiring DLB e-shops

The firm's M&A team advised Pigu, the largest e-commerce company in the Baltics, on the acquisition of DLB e-shop operating in Estonia and Finland.

Advising Cloutex that raised 500 000 EUR in seed round funding

The firm's corporate law team led by Sander Kärson has advised Cloutex, an Estonian startup that has raised nearly half a million euros from private and corporate investors in order to engage in product development and expand into the U.S.

Advising Spark Asset Management on the sale of Konesko shares to Konecranes Finance

The firm’s M&A team, led by partner Ants Mailend, represented Spark Asset Management in the process of selling its shares in Konesko, a mechanical engineering company, to Konecranes Finance, a leading company in the global lifting business.

Advising Europcar Baltic master franchise holder in selling its shares to Hansa Grupp

The firm’s M&A team lead by Partner Ants Mailend and Senior Associate Sander Kärson advised the shareholders of Baltic Mobility, Europcar master franchise holder in the Baltics, in selling its shares to an Estonian transportation group Hansa Grupp.

Advising on the sale of shares in the Cinamon Group of companies

Advising on the sale of shares in the Cinamon Group of companies, owning multiple cinemas in the Baltics, from the GILD Arbitrage venture capital fund to DLT Capital.

Advising MSD Estonia regarding the merger between Merck Sharp & Dohme and Schering Plough.

Advising MSD Estonia on local legal aspects in connection with the merger between Merck Sharp & Dohme and Schering Plough.

Advising Kevelt in selling its IP rights to oncologic drug candidate Virexxa to Xenetic Biosciences

Advising pharmaceuticals producer Kevelt, a subsidiary of MSE listed company, in selling its IP rights to oncologic drug candidate Virexxa to a listed US biopharmaceuticals company Xenetic Biosciences in the first and only transaction of its kind in Estonia.