Mainor Ulemiste Takes Full Control of Ulemiste City

Deal News | Nov 08, 2024 | CEE Legal Matters

Mainor Ulemiste has acquired Technopolis Ulemiste, thereby gaining full control of Ulemiste City, the largest business park in the Baltics. This strategic move was facilitated with the guidance of the Triniti law firm, known for its expertise in legal matters concerning such transactions. As part of the acquisition, Mainor Ulemiste successfully attracted investment from Mulligan Capital, a joint venture initiated by Estonian investors Anders Anderson and Ivar Vendelin. Mainor Ulemiste is a subsidiary of Mainor, focusing on the development of Ulemiste City. The transaction underscores Mainor Ulemiste’s commitment to expanding its influence in the region through strategic partnerships and investment. Despite inquiries, Triniti remained unavailable for comments on their involvement in the process.

Sectors

Real Estate
Investment
Legal Services

Geography

Estonia – The primary country of the transaction, where both Mainor Ulemiste and the investors, Mulligan Capital, are based.

Industry

Real Estate – Mainor Ulemiste is involved in the development of Ulemiste City, a major real estate project.
Investment – The involvement of Mulligan Capital as an investor indicates activity within the investment industry.
Legal Services – Triniti's advisory role on the acquisition highlights the relevance of legal services to the transaction.

Financials

Participants

Name	Role	Type	Description
Mainor Ulemiste	Target Company	Company	A subsidiary of Mainor, focusing on the development of Ulemiste City.
Mulligan Capital	Investor	Company	A joint investment company established by Anders Anderson and Ivar Vendelin.
Triniti	Legal Advisor	Company	The law firm that advised Mainor Ulemiste on the acquisition.
Anders Anderson	Investor	Person	A financier involved in establishing Mulligan Capital.
Ivar Vendelin	Investor	Person	A financier involved in establishing Mulligan Capital.