Bayard Capital invests over €10 million in Estonian mirror house innovator ÖÖD

Ellex in Estonia advised Bayard Capital on its investment into ÖÖD, the Estonian company behind the globally recognised mirror house concept.

The transaction values ÖÖD group at €23 million, prior to the investment, or €2,028 per share – approximately 60% higher than its current trading price on Funderbeam. ÖÖD will leave the Funderbeam platform as part of the deal, while Funderbeam investors can reinvest their takeover proceeds directly into the company.

A significant portion of the investment will be directed into the Estonian economy, supporting the development of local industry and export capacity.

Ellex team who advised Bayard Capital on the investment was led by Alla Kuznetsova and Risto Vahimets, and included Katrina Külm, Merlin Liis-Toomela, Karin Tartu, Hanna Pahk, Gerd Laub and Dmitri Rozenblat.