Walless has advised sales and distribution holding JNG Investments on its acquisition of wholesaler Balt-Hellin.
The transaction remains contingent on regulatory approval.
Tartu-based Balt-Hellin specializes in supplying raw materials to companies involved in food production and processing. The company’s clients include cafes, restaurants, bakeries and confectioneries, food companies, petrol stations, and retail chains in all three Baltic countries. According to Walless, Balt-Hellin’s turnover in the previous financial year was EUR 12.9 million.
The Tallinn-headquartered JNG Investments Group is a holding company that owns a sales and distribution network in Baltics.
The Walless team included Estonia-based Partner Karl-Erich Trisberg, Counsel Angela Kase, Senior Associates Kaisa Uksik and Piret Luiga, and Junior Associate Laura Melk, as well as Latvia-based Partner Zane Eglite-Fogele, Associate Partner Andis Ozolins, Head of Tax Inguna Abele, and Senior Associate Kristers Zalitis.
Walless did not respond to our inquiry on the matter.