Peeter
Kutman
Partner / Estonia
 
about

Peeter Kutman, a Partner at COBALT, heads the mergers and acquisitions team. He has more than 20 years’ experience representing clients in M&A transactions and private equity/venture capital investments. In addition to counselling in commercial law matters, Peeter has extensive experience in shareholder agreements, as well as in transactions in the field of information technology and in drafting specific service contracts.

Among others, Peeter has advised DNB Pank on combining its business activities with Nordea Bank in Estonia, Latvia and Lithuania, IT company Santa Monica Networks on sale of its business to Elisa, Finnish provider of defence, security and aviation life-cycle support services and technology solutions Patria OYJ on acquiring a majority of the largest defence maintenance contractor in Estonia Milrem LDM OÜ, and Yliopiston Apteekki OY on selling its pharmacy chain in Estonia to Euroapotheca.

Peeter’s latest experience also includes advising BaltCap, the largest buy-out, growth capital and private equity infrastructure investor in the Baltic States, on the sale of the shares of Magnetic MRO to Guangzhou Hangxin Aviation Technology, MyInvest Estonia OÜ on selling the hardware store chain Bauhof to Lithuanian hardware store chain Ermitažas, a subsidiary of Vilniaus Prekyba Group, and Alexela on acquisition of Euro Oil’s 24 petrol stations.

Peeter has been a member of the Estonian Bar Association since 1996 and was a member of the Commercial Law Committee of the Bar Association from 2013 to 2016. He is a member of the Board of the Estonian Bar Association since 2019.

 
recognition
  • Commercial, Corporate, and M&A - Hall of Fame, Legal 500 2021
 
cv
Languages
Estonian, English, Russian

Education & membership
  • Master of Arts in Law (MA), University of Tartu, Faculty of Law, Estonia (1995)
  • Queen Mary & Westfield College of London University, UKCELS Programme, England (1995)
  • Member of the Estonian Bar Association (since 1996)


Publications
 
experience
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  • 2019 — 09 — 24
    COBALT advised Silberauto on selling its business in Estonia and Lithuania
  • 2019 — 05 — 14
    COBALT advised Tallinna Linnatranspordi AS on launching new bus routes
  • 2019 — 05 — 06
    COBALT advises AS RAGN-SELLS on OSA project
  • 2019 — 04 — 18
    COBALT advises BaltCap Growth Fund on investing in Pihlakodu chain
  • 2019 — 04 — 02
    COBALT advises BaltCap on selling Fitek
  • 2019 — 03 — 22
    COBALT advised NEXTCLINICS on acquiring F-Est OÜ
  • 2019 — 02 — 01
    COBALT advised Vink Nordic Holding ApS on acquiring Proplastik
  • 2018 — 12 — 18
    COBALT advised the majority shareholders of Baltic Media Holding on selling their shares to Havas
  • 2018 — 11 — 28
    COBALT advised European Diversified Infrastructure Fund II on investment in Utilitas, leading private Estonian energy group
  • 2018 — 09 — 26
    COBALT advised the sale of A-Katsastus Group’s business operations
  • 2018 — 09 — 06
    COBALT advised subsidiary of Alexela Group in acquisition of a Finnish company Helon Kuumasinkitys
  • 2018 — 08 — 01
    COBALT advised Alexela Oil on the acquisition of 220 Energia
  • 2018 — 06 — 27
    COBALT advises MyInvest Estonia OÜ on selling Bauhof Group AS
  • 2018 — 05 — 09
    COBALT advised Alexela on involving the investment of Wärtsilä to Hamina LNG terminal
  • 2018 — 03 — 19
    COBALT advised BPM Capital OÜ on financing the acquiring of DenEesti OÜ
  • 2018 — 02 — 20
    COBALT advised Alexela Energia on a transaction with Adven Eesti
  • 2018 — 02 — 07
    COBALT advised Ambient Sound Investment on sale of Ecofleet Holding
  • 2018 — 02 — 02
    COBALT advised Yliopiston Apteekki OY on selling its pharmacy chain
  • 2018 — 01 — 16
    COBALT advised BPM Capital on financing the acquisition of Corle
  • 2018 — 01 — 03
    COBALT advised BaltCap on sale of Magnetic MRO
  • 2017 — 11 — 16
    COBALT advised BPM Capital on financing the investment of Tahe Outdoors
  • 2017 — 10 — 18
    COBALT advised on sale of MTG Baltic subsidiaries
  • 2017 — 10 — 13
    COBALT advised DNB on the creation of Luminor – largest ever transaction in the Baltic banking market
  • 2017 — 10 — 13
    COBALT advised Patria OYJ on acquiring a majority of Milrem LCM OÜ
  • 2017 — 09 — 12
    COBALT advises Alexela Oil on acquisition of Euro Oil petrol stations
  • 2017 — 08 — 28
    COBALT advised NASDAQ OMX Tallinn listed AS Ekspress Grupp regarding foundation of a new affiliated company OÜ Kinnisvarakeskkond
  • 2017 — 07 — 17
    COBALT advised Korona Invest Fund in an investment to the digital agency Wunder
  • 2017 — 07 — 12
    COBALT advised wood industry company Combiwood on acquisition of a Norwegian moldings producer Barkevik
  • 2017 — 03 — 20
    COBALT advises Santa Monica Networks on sale of its Finnish-Baltic subsidiaries
  • 2017 — 03 — 06
    COBALT advises on acquisition of Slovakia's financial technologies company SmartPost
  • 2017 — 02 — 27
    COBALT advises on acquisition of Citypark Eesti
  • 2017 — 02 — 23
    COBALT advises DAVA Agravis Machinery Holding on acquisition of 45% of shares in Konekesko Ltd
  • 2016 — 10 — 05
    COBALT advised the sale of the leading Northern-European marketing automation company Element to Nortal
  • 2016 — 09 — 22
    COBALT advised BPM Mezzanine Fund on financing
  • 2016 — 09 — 20
    COBALT advised Ekspress Grupp in acquisition of Babahh Media
  • 2016 — 08 — 25
    COBALT advises DNB upon combining its operations with Nordea in the Baltics
  • 2015 — 11 — 18
    COBALT advises BaltCap in acquiring Baltic operations of financial automation company OpusCapita
  • 2015 — 03 — 24
    COBALT counselled AS TV3 upon acquisition of Internet advertising company SmartAD
  • 2015 — 02 — 03
    COBALT counselled Combiwood in acquisition of sawmill from Balcas Eesti
  • 2015 — 01 — 16
    COBALT advised the sale of IT company Proekspert
  • 2014 — 12 — 04
    COBALT counselled the management of Alexela Group upon acquisition of entire business and upon negotiations with banks regarding syndicated loan
  • 2014 — 12 — 02
    COBALT counselled the sale of real estate website City24
  • 2014 — 06 — 17
    COBALT counselled Combimill upon acquisition of subsidiary of Finnish timber co-operative
  • 2014 — 04 — 09
    COBALT advised Alexela Energia on receiving merger clearance for the purchase of Kiviõli Keemiatööstuse Varad
  • 2014 — 03 — 04
    COBALT advised the sale of BNS
  • 2013 — 08 — 15
    COBALT advised Sports Direct International on purchase transaction
  • 2013 — 08 — 05
    COBALT advised Quattromed HTI Labs on purchase transaction
  • 2012 — 11 — 02
    COBALT advised Europe´s leading energy service company Dalkia
  • 2012 — 04 — 04
    COBALT advised Trigon Dairy Farming, the largest dairy group in Estonia
  • 2012 — 03 — 27
    COBALT advised Estonia´s largest wind farm companies Freenergy, Vardar Eurus and Nelja Energia in the merger under the single name of Nelja Energia
  • 2012 — 02 — 28
    COBALT advises Alexela Energia
  • 2012 — 02 — 07
    COBALT advised purchase of CV-Online
  • 2010 — 04 — 23
    COBALT advises on sale of Alexela Petrol network to Neste
  • 2010 — 02 — 25
    COBALT advises on acquisition of Air Maintenance Estonia
  • 2008 — 06 — 30
    COBALT advised the sale of national processor of card transactions
  • 2007 — 08 — 02
    COBALT advised media group Ekspress Group on acquisition of Delfi portals
  • Peeter Kutman is described as "very business-minded" as well as "very easy to talk to" and a "good communicator."
    Chambers and Partners 2021, Corporate / Commercial