PwC Estonia’s tax and accountancy team: key projects in 2024

A dog walking next to a person. A white square on top of the photo containing the logos of the entities involved in the transaction.

PwC advised pet services company Musti Group, which is listed on the Finnish stock market, in their acquisition of Pet City OÜ by conducting a financial, real estate and tax due diligence. The transaction was supported by the PwC global network in cooperation with offices in Finland, Estonia, Latvia and Lithuania.

Musti Group which operates in Finland, Sweden and Norway is a leading pet services company in the Nordics which expanded to the Baltic market by acquiring Pet City which operates 46 stores and 16 pet clinics across Baltics.


People looking at tablet PCs. A white square on top of the photo containing the logos of the entities involved in the transaction.

PwC advised Livonia Partners, a private equity fund, in acquiring Telema, a regional leader in electronic data flow, by conducting a financial and tax due diligence.


An overhead view of a team consisting of about ten people sitting around a large conference table. A globe icon depicted on a white background.

We took over the accounting of a large international company creating innovative iGaming products and casino games. We helped the company rethink and streamline their accounting processes to support more efficient and transparent financial management and ensure clarity and accuracy in the company's consolidated financial reporting.


Rows of solar panels ona field. A white square on top of the photo containing the logos of the entities involved in the transaction.

PwC advised Elektrum Eesti, part of Latvenergo group, which acquired a 17.4 MW solar park asset from Solarpark Kuusalu, by conducting a valuation and a financial and tax due diligence on the solar park.

As a result of the transaction, Elektrum Eesti’s renewable energy capacity tripled.


A computer screen with rows of code. A white square on top of the photo containing the logos of the entities involved in the transaction.

PwC advised IT firm Helmes AS in acquiring a majority shareholding in the software development firm Trinidad Wiseman. PwC conducted a financial and tax due diligence.

The investment enables Trinidad Wiseman to expand to foreign markets.

 


A fragment of a complex piping system in a production facility, with an icon depicting a power plant enclosed in a white box on top.

We assisted several Estonia’s heat and energy producers in the reorganisation of their business operations and assessed the related tax consequences. Additionally, we drafted transfer pricing documentation for them, including international companies.


Buildings in Ülemiste business park. A white square on top of the photo containing the logos of the entities involved in the transaction.

PwC advised the holding company Neoinvesteeringud which made an investment into Mainor Ülemiste AS which is the developer of Ülemiste City business park. PwC conducted financial and tax due diligence.


High-rise buildings in a city with an accounting icon displayed on a white rectangle.

We helped two global conglomerates align their Estonian branches' US-GAAP and IFRS-based reports with Estonian financial reporting standards  (RTJ).


A blue building with IKEA sign on top. A white square with an IKEA logo on top of the image.

We advised Inter IKEA Group (Inter IKEA Systems B.V.), the world-wide IKEA franchisor and owner of the IKEA Brand, in the acquisition of IKEA retail operations in the Baltics. Together with PwC Latvia, PwC Lithuania and PwC Netherlands, we provided financial, tax, and HR due diligence services.


Wind turbines visible through the fog, with a wind generator icon displayed on a white rectangle.

We provide accounting services to a long-term client who is involved in the development and operation of climate-friendly energy solutions. The client receives professional accounting and tax advice based on accurate legal aspects and assurance that even the most detailed and complex requirements regarding the accounting of land and property are correctly fulfilled.


Contact us

Martin Lehtis

Martin Lehtis

Head of Tax Services, PwC Estonia

Tel: +372 614 1800

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