
Corporate/Commercial
Europe Guide 2026 : Estonia
Rankings

Ranked Individuals
Ranked Individuals
About
Provided by Ellex Raidla
Ellex´s M&A team is the leading team in Estonia in terms of annual deal count, number of top experts and public recognition. Ellex is known for distinguished experience in corporate and commercial practice with significant expertise and experience in a range of advisory and transactional mandates. The firm’s experience includes the provision of legal advice in connection with the full scale of domestic and cross-border M&A transactions, corporate governance, private equity capital investments, as well as joint-ventures, private equity and management buy-outs and restructuring processes.
Ellex has been involved in nearly all the major M&A and financing transactions that have taken place in Estonia throughout the past 24 years, the team has advised in total on more than 4,000 transactions. The firm´s client base includes large international and local corporations and the advice sought ranges from regulatory matters and formation of companies to capacious cross-border transactions and contracts. Ellex continues to maintain robust and loyal client relationships and cooperation on a regular basis with vital players in the region.
The corporate M&A team is led by partner Sven Papp, who has unrivalled recognition in the market as one of the most experienced transactional lawyers. Mr Risto Vahimets, also one of the most recognised M&A experts, joined Ellex in March 2016 as a partner. This has made the team of Ellex unparalleled.
Clients (19)
- Sportland International Group, operator of retail chains
- Carmanah Technologies Corporation, Canadian listed company
- Infotark AS, Estonian leading office supplies retail company
- Assistor Oy Ab, a Veho Group company
- East Capital, Swedish investment company
- Eesti Gaas AS, Estonian gas utility company
- Danish Malting Group A/S, the largest Danish malting plant
- Zeroturnaround AS, a US-Estonian software company
- Gamesys Limited, leading online gambling games developer
- Selecta Group, a leader for vending and coffee services
- Inbank AS, the newest bank in Estonia
- Coop Eesti, Estonia’s largest retail group
- Würth Group, worldwide wholesaler
- Altor, family of private equity funds
- BLRT Grupp AS, one of the biggest Baltic industrial holdings
- Telia Company AB, Europe’s 5th largest telecom operator
- Vopak E.O. S. AS
- Danish Malting Group A/S
- Pontos Baltic AS
Industries (19)
- Banks
- Chemicals
- Commercial & Professional Services
- Construction & Materials
- Consumer Product Manufacturing
- Energy
- Financial Services
- Food & Drink Producers
- Forestry & Paper
- Government
- Health Care
- Insurance
- Media
- Pharmaceuticals & Life Sciences
- Real Estate Finance
- Retail
- Software & Computer Services
- Telecommunications
- Transportation
Chambers Review
Provided by Chambers
Work Highlights
Provided by Chambers
Ellex Raidla assisted ERGO International with a share purchase agreement for the acquisition of ADB Gjensidige from Gjensidige Forsikring.
Strengths
Provided by Chambers
Ellex Raidla's team is knowledgeable and always open to looking into different options to accommodate what we require. It thinks outside of the box for newer or simpler ways to approach issues.
Corporate/Commercial respondentEuropeEllex Raidla's ability to deliver high-quality legal support with precision, speed and strategic insight makes the law firm stand out.
Corporate/Commercial respondentEuropeI have full confidence in Ellex Raidla being able to pull in the right resources and partners to solve issues.
Corporate/Commercial respondentEuropeEllex Raidla is by far the best law firm in the market. The lawyers are fast, straight to the point and passionate about the law.
Corporate/Commercial respondentEuropeIn my opinion, Ellex Raidla's lawyers are probably the most experienced legal advisers in Estonia.
Corporate/Commercial respondentEurope
Notable Practitioners
Provided by Chambers
Band 1 
Band 1 
Ermo Kosk
Ermo Kosk is a highly regarded practitioner who divides his time among M&A and financing mandates.
Band 1 
Band 1 
Risto Vahimets
Risto Vahimets is a well-established name in the Estonian corporate market with experience handling a variety of deals including cross-border M&A transactions.
Risto Vahimets is an excellent help with sophisticated cases.
Corporate/Commercial respondentEuropeRisto Vahimets is a very well-connected and commercial lawyer.
Corporate/Commercial respondentEurope
Band 4 
Band 4 
Martin Käerdi
Martin Käerdi handles significant transactions and also assists clients with commercial and contractual matters. Martin Käerdi provides absolutely amazing service and professionalism.
Corporate/Commercial respondentEuropeHe has extensive knowledge in a wide range of legal fields and he is up to date with the latest changes and trends.
Corporate/Commercial respondentEurope
Up and Coming 
Up and Coming 
Ott Aava
Ott Aava has experience advising clients on regional M&A in the energy, retail and manufacturing sectors.
Ott Aava has great business sense and always gives clear, strategic advice that supports his clients' commercial goals.
Corporate/Commercial respondentEuropeOtt Aava is a very good negotiator.
Corporate/Commercial respondentEuropeWe really value his ability to cut through the noise and focus on what matters.
Corporate/Commercial respondentEurope
Ranked Individuals at Ellex Raidla (4)
Members
Provided by Ellex Raidla

Rutt Värk

Dmitri Rozenblat

Toomas Kasesalu

Alla Kuznetsova

Gerda Liik

Hanna Pahk

Sven Papp
Head of Department


Ott Aava
View profile of Ott Aava
Ermo Kosk
View profile of Ermo Kosk
Martin Käerdi
View profile of Martin Käerdi
Ellex Raidla has rankings in the following guides
Band 1 Europe 2026
Practice area: Corporate/Commercial
Location: Baltic States
View department profile for Europe 2026Band 1 Global 2026
Practice area: Corporate/Commercial
Location: Estonia
View department profile for Global 2026
What success is built on
Chambers is the leading data and intelligence partner for the legal sector.