We advised AS LHV Varahaldus and Swedbank Investeerimisfondid AS on a 25MEUR investment in the bonds of Alexela Tanklad OÜ

We advised pension funds managed by AS LHV Varahaldus and Swedbank Investeerimisfondid AS – in relation to a 25MEUR investment in the bonds of Alexela Tanklad OÜ, which was used to finance the purchase of the Euro Oil petrol station chain.
 
Chairman of the board of the Alexela group Andreas Laane told Estonia’s business daily Äripäev that they had been looking for suitable financing for over 6 months and the it was decided to raise money from pension funds because of the duration of the financing, which gives a benefit in the cyclical nature of the economy. "If it is possible for banks to talk about a maximum of five years of funding, then the funding of pension funds is ten years," said Laane.
 
The transaction was advised by Ellex Raidla’s Partner Ermo Kosk, Counsel Toomas Kasesalu, Senior Associates Dmitri Rozenblat and Sandra Värk, Associates Kerstin Jürgenson, Marilin Laud and Lawyer Kairi Kilgi.