Directive 2019/2161 of the European Parliament aims to ensure better enforcement and the modernization of EU consumer protection rules. The Omnibus directive is also known as the consumer GDPR because it sets forth hefty fines for infringements of the regulatory framework on consumer rights protection. The Omnibus directive must be transposed into the national legislation by November 28, 2021.

Lextal has advised Estonian financial technology group IuteCredit on its EUR 75 million senior secured corporate bonds issuance. GSK Stockmann reportedly acted as a global advisor on the deal.

Lextal’s Tallinn office has advised Alarmo Kapital, the majority shareholder of Arco Vara, on its takeover bid of EUR 1.3 per share for the remaining shares in the company.

Lextal has advised Columbus A/S on the sale of Columbus Eesti AS to its General Manager Ivo Suursoo and Columbus Lietuva UAB to its CEO Dovydas Zinkevicius. Triniti advised the buyers on both deals.

Lextal has advised TB Grupp OU on the sale of conveyor service, maintenance, and components provider Technobalt Eesti OU and its Latvian and Lithuanian subsidiaries to the Michelin Group. The transaction remains contingent on regulatory approval.

Lextal has advised wind energy developer Raunistal on its sale to the Eesti Energia subsidiary Enefit Green. 

Lextal has advised the unidentified owners of Raunistal on the sale of 100% of their shares to Estonian state owned renewable energy company Enefit Green.

Ellex Klavins has advised SG Capital Partners Fund I on the acquisition of a 90,000 square meter logistics complex near the Plavinieki and Dreilini districts in Riga by acquiring shares in SIA Beinits and SIA Balt Cargo Solutions from a group of private investors. The sellers were reportedly advised by Rasa, Esenvalds, and Radzins. Financial terms were not disclosed.