Bauhub: Estonian SaaS Firm Sells to Tocoman
Deal News | Dec 10, 2024 | CEE Legal Matters
In a noteworthy transaction in the construction SaaS sector, Cobalt has provided legal advisory services to the shareholders of Bauhub, an Estonian IT company specializing in cloud-based workspace solutions for construction management, on its sale to Tocoman, a subsidiary of the Finnish company Admicom. Founded in 2016, Bauhub offers a range of software solutions aimed at enhancing collaboration, task and workflow management, and information sharing within construction projects. Admicom is a publicly listed company on Nasdaq First North Growth Market Finland and caters to software and service needs in construction, building services engineering, and manufacturing sectors. The transaction was facilitated with legal expertise from Cobalt's team, including Partner Peeter Kutman, Specialist Counsels Madis Reppo and Tonu Kolts, and Junior Associate Ken Saksniit.
Sectors
- Information Technology
- Construction
Geography
- Estonia – Bauhub, the target company, is based in Estonia.
- Finland – Admicom and its subsidiary Tocoman, the acquiring companies, are based in Finland.
Industry
- Information Technology – Bauhub operates in the IT sector, specializing in SaaS solutions for construction project management.
- Construction – The deal involves companies providing software solutions to the construction industry, enhancing project management and collaboration.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bauhub | Target Company | Company | An Estonian IT company specializing in SaaS solutions for construction project management. |
| Admicom | Bidding Company | Company | A Finnish company listed on the Nasdaq First North Growth Market Finland, specializing in software for the construction industry. |
| Tocoman | Acquirer | Company | A subsidiary of Admicom involved in the acquisition of Bauhub. |
| Cobalt | Legal Advisor | Company | The law firm advising Bauhub's shareholders on the sale to Tocoman. |
| Peeter Kutman | Partner at Cobalt | Person | A partner at Cobalt involved in advising the transaction. |
| Madis Reppo | Specialist Counsel at Cobalt | Person | A Specialist Counsel at Cobalt involved in the advisory. |
| Tonu Kolts | Specialist Counsel at Cobalt | Person | A Specialist Counsel at Cobalt involved in the advisory. |
| Ken Saksniit | Junior Associate at Cobalt | Person | A Junior Associate at Cobalt involved in the advisory. |