One of Europe’s largest premium wine trading groups enters the Baltic market by acquiring a 50% share in a leading local wine wholesaler. Prudentia Tallinn acted as a sell-side advisor.

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In October 2023, Arvo Kask, the 50% owner of Dunker Group, sold his shares to a subsidiary of Hawesko Holding SE. Hawesko will continue to work together with the other 50% shareholder of Dunker Group, Andres Villomann. Hawesko's long term industry expertise and Dunker’ strong knowledge of Baltic market will enable to offer Dunker's customers an even better service and a wider product range in the future.

 

Arvo Kask: "With Prudentia’s help, the Dunker Group has found a competent and motivated partner with similar values, giving a pan-European dimension to our previous Baltic-centric market strategy."

 

About the company

The history of Dunker Group goes back to 1993. Today, the group is active in all three Baltic countries and is one of the leading distribution companies for wine in the region.

 

About the buyer

The Hawesko Group is Germany’s largest integrated merchant for premium wines and champagnes and one of the leading purveyors of wine in the world. The Group employs around 1,300 people. In 2022, the Group’s revenue was 671 million euros and EBIT 39 million euors.

 

Arvo Kask was advised on this transaction by Prudentia Tallinn Office: Illar Kaasik, Indrek Uudeküll, Tiina Sõber.

 

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