A stake in the data processing company Telema is acquired by the private equity fund Livonia Partners

Ellex law firm in Estonia advised Telema, a regional leader in the electronic data interchange market, and its founder Hele Hammer in a transaction whereby the private equity fund Livonia Partners acquires a stake in Telema. 

The purpose of the investment is to support the growth and expansion of Telema’s services.  

As a result of the transaction, Telema’s founder Hele Hammer and Livonia Partners will jointly continue the company’s strategic development. 

Telema today has more than 30 employees across offices in Tallinn, Riga and Vilnius. Digital processes and digital document volumes continue to grow within large and small companies across Europe. Telema provides the biggest and most reliable service to customers in the Baltics, processing nearly 25 million documents annually. 

Livonia Partners is a pan-Baltic private equity investment firm. Currently investing from EUR 157 million Fund II, Livonia team works across Estonia, Latvia, and Lithuania. Other recent investments in Estonia include Stebby (the largest pan-Baltic employee wellness benefit platform), Bestair (heat pump and green home climate solutions provider), and Wildix (unified communication solutions provider). Fund investors are Baltic and Nordic pension funds, including Swedbank, the European Bank for Reconstruction and Development, the European Investment Fund (EIF) and others. 

The transaction is pending Estonian Competition Council approval and is anticipated to conclude in June 2024. 

Telema and its founder Hele Hammer were advised by Ellex Counsel Rutt Värk who was assisted by Lawyer Karl Rudolf Org.