Sirel  Partners Law Firm
ScalaCity building

Tartu mnt 43, Estonia

Tel: +372 606 9600

Fax: +372 606 9601

E-mail: info@sirel.com

 

 

  



 

 

 

 

  

Sirel & Partners advised Hansapost and Hobby Hall merger transaction.

Attorneys-at-law Janno Kuusk and Rajar Miller advised Hobby Hall Oy and its shareholders SGN Group Oy and Four P&P Consulting Oy in merger of the largest Estonian online store Hansapost and the legendary Finnish retail enterprise Hobby Hall. By the transaction Hobby Hall acquired the business of Hansapost and Hansapost acquired 46 % shareholding in Hobby Hall, from which in addition to Hansapost shareholding, 46 % belongs to SGN Group, a Finnish family company and Hobby Hall’s current major shareholder, and 8 % is owned by Four P&P Consulting, a company owned by CEO of Hobby Hall, Pekka Pättiniemi. Turnover of the international joint venture exceeds 80 million euros, the total number of employees over 225, and there are over 330,000 items in assortment of offered products.

 

The company will continue as a joint venture, but local trademarks - Hobby Hall in Finland, Hansapost in Estonia and Xnet with Upstore in Latvia, will remain. According to the transaction parties, after the merger the range of items available to the customers of Hobby Hall and Hansapost will expand and larger purchasing amounts will allow better terms and conditions to be offered for the customers.


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Target Market Seminar: Turkey

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Mr Turgay Kuleli from our team represented Sirel and Partners Law Firm and made a speech in “Target Market Seminar: Turkey” for Estonian companies in Pärnu on Sep 5th, 2018. The seminar was organized by Pärnu County Development Center and Estonian Chamber of Commerce and Industry.

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Sirel & Partners participated in GGI's Nordic-Baltic meeting that was held during 7-9 September in Copenhagen and Malmö.
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Article in Oxford University Press magazine Trusts & Trustees: "Unblocking the bottlenecks of the Estonian wealth-management scene for private foundations”
The leading international journal on trust law and practice has published another article “Unblocking the bottlenecks of the Estonian wealth-management scene for private foundations?” written by Katrin Sepp, Urmas Kaarlep and our head of Wealth Planning Turgay Kuleli.

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A business delegation organized by Foreign Economic Relations Board (DEIK) of Turkey visited Tallinn on May 23rd 2018

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A business delegation organized by Foreign Economic Relations Board (DEIK) of Turkey visited Tallinn on May 23rd 2018 for a half day business seminar and participation to startup and tech conference Latitude59. The seminar was organized by Enterprise Estonia (EAS), DEIK and supported by Turgay Kuleli from Law Firm Sirel & Partners.
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Sirel & Partners advised Hansapost and Hobby Hall merger transaction.

04.04.2018


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