We advised Livonia Partners AS on the acquisition of Fenestra AS

Private equity fund manager Livonia Partners has been permitted by the Estonian Competition Authority to buy 60% of the shares in AS Fenestra.
Fenestra and the companies controlled by it engage in the manufacture, sale and installation of wood-aluminium windows and balcony doors. Prior to the consolidation, the Fenestra group is made up of the Finnish branch Fenestra AS Sivuliike and subsidiaries Fenestra Suomi Oy, of which Fenestra owns 100%, and Fenestra Ikkunat and Ovet Oy, of which Fenestra owns 51%.
Livonia Partners is a private investment team based in the Baltics and manages investments worth altogether 83 million euros via Livonia Partners Fund I and Livonia Partners EIF Co-Investment Fund.
The transaction was advised by Ellex Raidla’s Partner Sven Papp, Counsel Jaanus Ikla and Senior Associates Gerda Liik and Alla Kuznetsova.