Baltic States – CIS, EU – Baltic States, Financial Services, Legislation, Markets and Companies, Mergers and take-overs

An Estonian buyer was a participant in 38 of the 168 M&A transactions studied, which is 23% of all such deals. In 2011, the share of Estonian buyers was 20% and in 2013, it was 11%.

At the same time, 19% of transactions had Lithuanian buyers, 7% Swedish, 5% British, 4% Norwegian, Russian and Danish, 3% Finnish. Two% of transactions had buyers from Germany, Luxembourg, Poland, Austria, France and the U.S., and 9% from other countries.

Compared to previous years, the share of participants from outside the Baltic and Nordic countries has grown. At the same time, the share of buyers from Finland, Russia and the U.S. has declined.

Of all transactions 43% were worth 1-5 million euros, 18% 5-10 million, 20% 10-25 million, 10% 25-50 million, 2% 50-100 million, and 7% more than 100 million euros. Compared to transactions carried out in previous years the amounts did not change much.

The study was carried out by Estonian, Latvian and Lithuanian private and risk capital associations as well as law offices Sorainen, Tark Grunte Sutkiene, Cobalt, Glimsted, Ellex, Eversheds, Triniti and Primus that advise M&A deals.

The study included 168 M&A deals worth at least one million euros carried out in Baltic countries between July 2013 and December 2015.