TARK represented and advised Malsena Group – one of the largest and most advanced grain processing industrial groups in in the Baltics, and its major shareholder Amber Trust II S.C.A (one of the largest venture capital funds in the Baltics with the capital of EUR 150 million) in the acquisition of Balti Veski, one of the most popular food manufacturers and major players in Estonian grain products market. The law firm provided full transaction support, including due diligence.
Balti Veski was owned by Helsingin Mylly Oy, a significant processor of grain based products in Finland specializing in organic products and is today Finland’s largest processor of organic grains. The transaction was complex cross-border transaction led by Vilnius office. Close coordination and mutual work of the firm’s offices in Estonia and Lithuania, practical approach of the firm assisted the client in executing and successfully completing the deal.
This is the second acquisition for Malsena Group in the Baltics and the second advised by TARK. Last year the group completed acquisition of Rigas Dzirnavnieks, the leading flour production company in Latvia. As a result Malsena has successfully become the first pan-Baltic grain processor. “This acquisition provides win-win situation. On the one hand Malsena is about to produce even tastier and healthier products, on the other – we will bring additional effectiveness into our work and management on daily basis. Covering the entire Baltic region creates synergy and continuous supply chain, strengthens our market position, and provides even wider selection to the customers”, says Migonis.