Following its merger with PwC Legal, TGS Baltic continues to field a deep bench of M&A experts. The group’s expertise further extends to venture capital and private equity transactions, complex restructurings, and asset deals. Kadri Kallas, who is described as ‘a very sharp and quick-thinking M&A lawyer’, Sander Kärson, Leonid Tolstov, and Indrek Ergma are the quartet leading the team. Kärson has expertise in the healthcare and life sciences sectors, while Kallas stands out for work in the energy and infrastructure sectors.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'The TGS Baltic M&A team responds quickly and has deep knowledge. They are also business minded.'
  • 'Kadri Kallas is a very sharp and quick-thinking M&A lawyer. I think she is the top M&A lawyer in Estonia.'
  • 'Unusually high sense of urgency. Always extremely high quality, meaningful advice beyond just legal technicalities.'
  • 'Kadri Kallas and Mirko Kikkamägi are just an absolute pleasure to work with. There is no other legal team that I trust as much. Their advice is always valuable and looks at the bigger picture.'

Key clients

  • BaltCap
  • KJK Fund
  • Auto-Bon, AutoHalle (Bassadone Group)
  • EQT Infrastructure
  • Atria Farmid
  • Enefit Green
  • Hawesko
  • Eesti Post
  • Sunly
  • PRFoods
  • IFCO Systems
  • Paul-Tech
  • Maki.vc
  • Maru Ehitus
  • Framm
  • Golden Fields Factory
  • Estiko
  • Pere Optika
  • Wolf Group
  • SmartCap

Work highlights

  • Advised Enefit Green on the divestments of two CHP assets to Utilitas and one CHP asset to Warmeston.
  • Advised Hawesko Holding SE on acquiring 50% of the shares in Dunker Group OÜ.
  • Advised IFCO Systems on acquiring 100% of the shares in Bepco O, a well-established reusable packaging pooling company based in Tallinn, Estonia, from the previous owners, who are private companies.

Lawyers

Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Practice head

The lawyer(s) leading their teams.

Sander Kärson, Kadri Kallas, Leonid Tolstov, Indrek Ergma

Other key lawyers

Mirko Kikkamägi