We are honoured to be among the 2025 finalists and to have been recognised as the Best M&A Team in the Baltics in 2023. This reflects our excellent cooperation with clients and the team’s professional execution of the region’s largest transactions. 

Sten Aan

Head of Energy
KPMG Baltics

Dmitri Ševoldajev

Head of M&A
KPMG Baltics

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Since 2022, we have had

0+

successfully completed
transactions

0+

million of sell-side
transactions advised

0+

million of buy-side
transactions advised

0+

million in debt and
equity capital raised

Sell-side Advisory

A successful divestment strategy requires thorough preparation, a well‑structured exit process, and active sales management throughout the transaction. 

Buy-side Advisory

We help identify both local and international targets and manage the entire acquisition process from initial meetings through to signing of the transaction documents.

Capital Raising Advisory

We provide hands‑on support throughout the capital‑raising process, from initial assessments and strategy to the successful completion of the transaction. 

Referensid

ITAK

Lead financial advisor for the owners of ITAK in divesting the company to Swedish Asker Healthcare Group.

Read more here.

2025

Flexa

Lead financial advisor for the Danish owners of Flexa in divesting furniture manufacturing unit to local investors.

Read more here.

2025

Estiko Energia

Lead advisor in securing equity and debt capital for the construction of a 70MW solar park.

Read more here.

2025

TBB Bank

Lead financial advisor for the owners of TBB bank in divesting the loan portfolio of the bank (deal value €20M+).

Read more here.

2024

Evecon

Lead financial advisor for the divestment of 1118MW solar and BESS portfolio to Swedish fund NIAM.

Read more here.

2024

Energiasalv

Lead financial advisor in the capital raise of €11M equity round for pumped-hydro project developer Energiasalv.

Read more here.

2023

Evecon

Lead financial advisor for the divestment of 55MW solar portfolio to Modus Asset Management.

Read more here.

2023

Elmo Rent

Acted as lead financial adviser to ELMO Rent in raising €2.6M growth funding.

2023

Sunly | Mirova

Lead buy-side financial advisor to Mirova in their investment into renewable energy IPP into Sunly (€150M+).

Read more here.

2022

Tbhawt

Acted as lead advisor in target mapping and buy-side M&A for purchase of 2 solar portfolios.

2022

Smartecon

Main financial advisor in supporting the owners of Smartecon successfully raising €2M growth capital.

Read more here.

2022

Evecon

Lead sell side financial advisor for divestment of a 100MW solar portfolio to French fund Mirova.

Read more here.

2022

M&A in media

Hexest Materials AS, mis on 100% riigile kuuluv ettevõte ja tegutseb Eesti Kaitseministeeriumi haldusalas, on KPMG Balticsi juhtimisel ametlikult käivitanud strateegilise investori otsingu Balti regiooni esimese RDX sõjaliste lõhkeainete tootmisüksuse rajamiseks ja opereerimiseks.