Ellex-advised deals shortlisted for CEELM DOTY Awards

Five deals advised by Ellex team have been shortlisted for the 2025 CEE Legal Matters Deal of the Year Awards. Organised by CEE Legal Matters, a leading legal industry publication covering Central and Eastern Europe (CEE), the awards, including shortlist, highlights transactions with major regional impact – from defence financing and renewable energy to cross‑border tech acquisitions and strategic infrastructure projects.

The shortlisted Ellex-advised deals in the Baltics:

• Valstybės investicinis kapitalas’ UAB EUR 25 million bond issue, the first in the Nordic and Baltic markets to be listed under the Nasdaq European Defence, Resilience, and Infrastructure (NDRI) framework, specifically to finance the Rheinmetall ammunition factory and other Lithuania’s national security initiatives.
• Eesti Energia’s voluntary takeover offer, squeeze-out of minority shareholders, and delisting of Enefit Green AS from the Nasdaq Tallinn Stock Exchange.
• The divestment of 100% of the shares in security technology company Defendec Holding OÜ and its Estonian, UK and US subsidiaries to VOSKER, a Montreal-based provider of advanced surveillance solutions.
• EUR 85.6 million financing from EBRD, NIB and Edmond de Rothschild AM to Baltic Storage Platform for Estonian BESS Projects.
• Advising the lender on the Tele2 – Global Communications Infrastructure (GCI) 50/50 joint venture establishing a pan‑Baltic tower infrastructure company.

The Deals of the Year Awards this year received 301 submissions and a total of 253 deals are eligible for one or (in some cases) multiple awards this year.

The winners of the 2025 Deals of the Year award will be announced in May.