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      0+

      transaction advisors
      in Estonia

      0+

      years of combined
      industry experience

      0+

      due diligence projects
      during the period 2020–2025

      0+

      valuation projects
      during the period 2020–2025


      Transaction Financial Analysis Services

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      Pre‑deal financial analysis 

      Financial due diligence

      Are you buying or selling a company? Our transaction advisors conduct a comprehensive financial assessment of the target business to support well‑informed, value‑maximizing investment decisions.

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      Seller Pre‑Transaction Financial Support

      Vendor assistance

      We support business owners throughout transaction processes by performing agreed‑upon financial analysis tasks — from preparing investor‑ready financial information to advising on sale and purchase agreements.

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      Post‑Transaction Financial Support

      Post-deal analysis

      Using benchmarking and other analytical methods, we identify potential post‑transaction value creation opportunities and help validate synergy hypotheses.


      DD references

      KPMG Baltics

      Solaris 

      KPMG performed financial and tax due diligence on Solaris keskus, one of Estonia’s most well-known retail and entertainment centres.

      2025

      KPMG Baltics

      Yaga 

      KPMG performed financial and tax due diligence on Yaga OÜ - an Estonian online marketplace in order to raise capital to enable business expansion.

      2025

      KPMG Baltics

      ÖÖD Group 

      Sell-side assistance in growth-stage mirror house production company ÖÖD Group in €10m capital raise context.

      2025

      KPMG Baltics

      Airwave 

      KPMG performed sell-side financial and tax due diligence, and assisted with preliminary consolidated financials for Airwave OÜ, a pan-Baltic distibutor of ventilation systems.

      2025


      ITAK
       

      KPMG performed financial, tax  and legal vendor due diligence on ITAK OÜ - the largest provider of healthcare equipment in Estonia. 

      2024


      BCS Itera 
       

      KPMG performed financial and tax analysis on BCS Itera that  provides enterprise software solutions to its customers.

      2025

      Gridio 
       

      KPMG performed financial and tax due diligence on B2B and B2C SaaS start-up as part of a capital raising round (ca €2-3m).

      2024

      Openrail
       

      KPMG performed limited financial analysis on Operail AS, its selected subsidiaries and assets.

      2024

      Esro AS


      KPMG performed financial, tax and ESG due diligence on Esro AS - an energy company producing, distributing and selling district heat in Viljandi town and its neighboring area.

      2024

      Solarstone
       

      KPMG performed financial and legal due diligence on Solarstone - one of the largest manufacturers of solar roof panels in Estonia.

      2024

      Eagle Vision 
       

      Performed financial and tax due diligence on Estonian optics and eyewear store chain Eagle Vision operated by AS Lupree.

      2024

      VKG Elektrivõrgud 
       

      Performed vendor financial and tax due diligence of VKG Elektrivõrgud, the second largest electricity distribution network operator in Estonia

      2023

      TMB Element 
       

      Performed financial and tax due diligence on an Estonian concrete producer - TMB Element to support Inhus Group on the acquisition.

      2023

      Modirum 
       

      Together with KPMG Finland performed sell-side assistance for the sale of a fintech company Modirum.

      2023

      TS in media

      Yaga OÜ is Estonian start-up company established in 2017, enabling its customers to sell and buy second- hand clothes and other items in Estonia and South-Africa via marketplace platform developed in-house.

      KPMG Deals supported the Estonian mirror house manufacturer ÖÖD Group in its capital raise by preparing a Databook consolidating the Group’s financial data.

      KPMG Deals and Tax teams conducted a sell-side financial and tax due diligence on Airwave’s operations in the Baltic countries.

      October 2025

      Q3: M&A and PE deal count in Baltics down by 1 reaching 23 deals. Last 12-month cumulative deal count  remains weak at -16% vs 2024.

      August 2025

      Steady, but still weak Q2 in M&A and PE deal activity in Baltics – total deal count increased by 1 vs Q1. Last 12-month cumulative deal count  was seen 12% below 2024 level.


      Contact us today!

      Taavi Pahapill

      Leading Financial Advisor

      KPMG Baltics OÜ