Dimedium Group changes owners

Ellex team in Estonia advised the buyout of shares of Dimedium Grupp AS, the leading veterinary pharmaceutical wholesaler in Estonia and the Baltics, and also the financing of the buyout by the pension funds managed by AS LHV.

According to Kadri Kullman, the company will continue its long-standing activities in an important field for Estonia, the release said. “I am delighted to hand over the baton to the next generation of entrepreneurs who have been involved with Dimedium for most of their lives. I know that the company will continue to be in good hands and I wish the new owners all success,” she added.

According to Sivar Irval, the transaction is a natural development for a family business. “Given the company’s long history, the change of generations is natural. Dimedium will continue as a two-family business, and I am delighted that Kadri will continue to share her long experience as a member of the board,”. According to Irval, Dimedium is in a rapid development phase and aims to continue to grow as an innovative and knowledge-based company.

Maarja Pärs, portfolio manager of LHV pension funds, said in a statement that they support the development of an Estonian family-owned company with a long history and a focus on sustainable solutions through bond investments. “For pension clients, this investment promises decent returns,” the pension fund portfolio manager added. “An Estonian company, successful also in neighbouring countries, a leader in its field with a clear growth plan – these are the qualities that describe the expectations of the pension funds for a potential money saver,” added Maarja Pärs.

The transaction was advised by Ellex Partner Ermo Kosk, Counsel Toomas Kasesalu, Senior Associate Hanna Pahk and Lawyer Liis Tava.

Dimedium is a Pan-Baltic wholesale distributor of veterinary medicines and vaccines, livestock supplies, crop and fish farming products, as well as pet products. Dimedium Group’s turnover in 2021 was EUR 17.8 million, of which approximately 60% in Estonia and the rest in Latvia and Lithuania. Dimedium employs 77 people.