` Peeter Kutman - COBALT

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.

Practice

Recognition
  • The Legal 500, Commercial, Corporate, and M&A, Hall of Fame – 2020 / 2021 / 2022 / 2023
  • IFLR 1000, M&A, Highly Regarded – 2019 / 2020 / 2021 / 2022
  • Chambers & Partners, Corporate/Commercial, Ranked Lawyer – 2019 / 2022
  • The Legal 500, Commercial, Corporate, and M&A, Leading Individual – 2019
  • IFLR 1000, Financial and Corporate, Highly Regarded – 2018
CV

Languages

  • Estonian, English, Russian

Membership & education

  • Member of the Estonian Bar Association (1996)
  • Master of Arts in Law (M.A.), University of Tartu, Faculty of Law, Estonia (1995)
  • Queen Mary & Westfield College of London University, UKCELS Programme, England (1995)
    Experience

    YOOK Production raises EUR 13 million to establish the first oat drink factory in the Baltics

    Livonia Partners acquires a stake and invests in Wildix OÜ

    Alexela acquired an additional 50% stake in Rohe Solution OY from Haminan Energia Oy

    FootonVolt OÜ sold Estonia’s first industrial solar park to KC Energy OÜ

    COBALT advised BaltCap Private Equity Fund III on acquiring a minority stake at Eesti Digiraamatute Keskus OÜ

    COBALT advised SCHWENK on acquiring a majority stake in Betoonimeister

    COBALT advised Bidcorp on acquiring a majority stake in Fruit Xpress OÜ

    COBALT advised Lightrock on investment in start-up Katana Manufacturing ERP

    COBALT advised BaltCap on acquiring Rahva Raamat

    COBALT advised Good Deed Education Fund on investment in startup Praktikal

    COBALT advised Avena Nordic Grain on selling its grain trade business to Scandagra Group

    COBALT advises the shareholders of Maksekeskus on the sale of Maksekeskus to Luminor Bank

    COBALT advised Livonia Partners on acquiring a stake in Bestair and Zave Group

    COBALT advised Ekspress Group on acquiring Geenius Meedia

    COBALT advised BaltCap on acquiring a stake in Weekend shoe store

    COBALT advised Zurich Insurance Group on acquiring AlphaChat

    COBALT advised Hambalaser on the sale of dental clinics to Unimed Clinics

    COBALT advised Royal Unibrew on the acquisition of Tanker Brewery

    COBALT advised the shareholders of Krulli Kvartal on the sale of 100% shares to Notorious

    COBALT advised Mid Europa Partners on acquisition of leading Baltics e-commerce platforms

    COBALT advises the sale of Kids Network Television’s business operations

    COBALT advised BaltCap on acquiring Baltic Ticket Holdings

    COBALT advised Alexela Logistics on acquiring a stake in Kotka Tank Storage Oy

    COBALT advised Ambient Sound Investments in sale of InBio to Semetron

    COBALT advised the Berlin-based VC Project A on investment in Estonian start-up Pactum

    COBALT advised Fortumo on selling its business to Boku

    COBALT advised Baltic Agro Machinery OÜ on the sale of John Deere business

    COBALT advised DA Agravis Machinery Holding on acquiring 55% of AS Konekesko Eesti

    COBALT advised the sale of fintech PocoSys to Opera

    COBALT advised EIB on giving EUR 50 million venture debt facility to Bolt

    COBALT advised Silberauto on selling its business in Estonia and Lithuania

    COBALT advised BPM Mezzanine Fund on financing

    COBALT advised Tallinna Linnatranspordi AS on launching new bus routes

    COBALT advises AS RAGN-SELLS on OSA project

    COBALT advises BaltCap Growth Fund on investing in Pihlakodu chain

    COBALT advises BaltCap on selling Fitek

    COBALT advised NEXTCLINICS on acquiring F-Est OÜ

    COBALT advised Vink Nordic Holding ApS on acquiring Proplastik

    COBALT advised the majority shareholders of Baltic Media Holding on selling their shares to Havas

    COBALT advised European Diversified Infrastructure Fund II on investment in Utilitas, leading private Estonian energy group

    COBALT advised the sale of A-Katsastus Group’s business operations

    COBALT advised subsidiary of Alexela Group in acquisition of a Finnish company Helon Kuumasinkitys

    COBALT advised Alexela Oil on the acquisition of 220 Energia

    COBALT advises MyInvest Estonia OÜ on selling Bauhof Group AS

    COBALT advised Alexela on involving the investment of Wärtsilä to Hamina LNG terminal

    COBALT advised BPM Capital OÜ on financing the acquiring of DenEesti OÜ

    COBALT advised Alexela Energia on a transaction with Adven Eesti

    COBALT advised Ambient Sound Investment on sale of Ecofleet Holding

    COBALT advised Yliopiston Apteekki OY on selling its pharmacy chain

    COBALT advised BPM Capital on financing the acquisition of Corle

    COBALT advised BaltCap on sale of Magnetic MRO

    COBALT advised BPM Capital on financing the investment of Tahe Outdoors

    COBALT advised on sale of MTG Baltic subsidiaries

    COBALT advised DNB on the creation of Luminor – largest ever transaction in the Baltic banking market

    COBALT advised Patria OYJ on acquiring a majority of Milrem LCM OÜ

    COBALT advises Alexela Oil on acquisition of Euro Oil petrol stations

    COBALT advised NASDAQ OMX Tallinn listed AS Ekspress Grupp regarding foundation of a new affiliated company OÜ Kinnisvarakeskkond

    COBALT advised Korona Invest Fund in an investment to the digital agency Wunder

    COBALT advised wood industry company Combiwood on acquisition of a Norwegian moldings producer Barkevik

    COBALT advises Santa Monica Networks on sale of its Finnish-Baltic subsidiaries

    COBALT advises on acquisition of Slovakia’s financial technologies company SmartPost

    COBALT advises on acquisition of Citypark Eesti

    COBALT advises DAVA Agravis Machinery Holding on acquisition of 45% of shares in Konekesko Ltd

    COBALT advised the sale of the leading Northern-European marketing automation company Element to Nortal

    COBALT advised Ekspress Grupp in acquisition of Babahh Media

    COBALT advises DNB upon combining its operations with Nordea in the Baltics

    COBALT advises BaltCap in acquiring Baltic operations of financial automation company OpusCapita

    COBALT counselled AS TV3 upon acquisition of Internet advertising company SmartAD

    COBALT counselled Combiwood in acquisition of sawmill from Balcas Eesti

    COBALT advised the sale of IT company Proekspert

    COBALT counselled the management of Alexela Group upon acquisition of entire business and upon negotiations with banks regarding syndicated loan

    COBALT counselled the sale of real estate website City24

    COBALT counselled Combimill upon acquisition of subsidiary of Finnish timber co-operative

    COBALT advised Alexela Energia on receiving merger clearance for the purchase of Kiviõli Keemiatööstuse Varad

    COBALT advised the sale of BNS

    COBALT advised Sports Direct International on purchase transaction

    COBALT advised Quattromed HTI Labs on purchase transaction

    COBALT advised Europe´s leading energy service company Dalkia

    COBALT advised Trigon Dairy Farming, the largest dairy group in Estonia

    COBALT advised Estonia´s largest wind farm companies Freenergy, Vardar Eurus and Nelja Energia in the merger under the single name of Nelja Energia

    COBALT advises Alexela Energia

    COBALT advised purchase of CV-Online

    COBALT advises on sale of Alexela Petrol network to Neste

    COBALT advises on acquisition of Air Maintenance Estonia

    COBALT advised the sale of national processor of card transactions

    COBALT advised media group Ekspress Group on acquisition of Delfi portals

    We are driven by your recognition

    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