Airi Hammalov

Airi Hammalov

Baker & McKenzie LLP


Airi Hammalov is a partner in the New York office of Baker McKenzie and a member of the Firm's Transactions practice. Prior to joining the Firm, Airi practiced at top international firms in London and Moscow.

Practice Focus

Airi's practice focuses on M&A and private equity, particularly cross-border transactions. She has extensive experience representing domestic and multinational corporations, private equity sponsors, portfolio companies and financial institutions on their most complex acquisitions, strategic investments, joint ventures, leveraged buy-outs, restructurings and corporate matters. Airi has advised on large transactions across many industries and verticals, including technology, gaming and financial services.

Representative Legal Matters

  • Advised Dun & Bradstreet Holdings, Inc. (NYSE: DNB) on multiple acquisitions, including USD 818 million acquisition of Bisnode Business Information Group AB, a leading European data and analytics firm; and its acquisition of Eyeota, a leading global data onboarding and audience intelligence company.

  • Advised Brunswick Corporation (NYSE: BC) on its USD 1.05 billion acquisition of Navico, a global leader in marine electronics.

  • Advised Embracer Group (Nasdaq Stockholm: EMBRAC B), a Swedish headquartered video game holding company, on its multiple acquisitions, including USD 1.3 billion acquisition of Gearbox Entertainment, a developer of Borderlands games; its acquisition of the assets of Saber Interactive, a leading game developer and publisher with more than 600 employees across six offices; its acquisitions of games developers Demiurge Studios, Shiver Entertainment and New World Interactive.

  • Advised Enad Global 7 (Nasdaq Stockholm: EG7), a Stockholm based online games developer, on its USD 300 million acquisition of Daybreak Game Company, a multi-platform online games developer and publisher.

  • Advised SteelSeries, a Danish based global leader of gaming peripherals, in its acquisition of KontrolFreek, the industry leader in high-performance gaming controller accessories.

  • Advised Unilever PLC on its acquisition of Liquid IV, a US-based health science nutrition and wellness company.

  • Advised Daiwa Securities Group on its USD 120 million investment via the acquisition of bonds in Global X, a US based issuer of ETFs and owned by South Korea’s Mirae Asset Global Investments.

  • Advised One Equity Partners on its multiple acquisitions, including carve-out acquisition of ORS Medco, a leading wholesaler of industrial and automotive aftermarket products serving over 15,000 distributors and resellers; and its acquisition of Fluor Corp's AMECO business, a full-service provider of construction equipment.

Professional Honors

  • Selected, the Deal's Top Rising Star 2021 for M&A and private equity


  • New York~United States
  • England & Wales~United Kingdom
  • Estonia


  • New York University School of Law (LLM, Fulbright scholar) (2001)
  • University of Tartu (BA in Law, cum laude) (1998)


  • English
  • Estonian
  • Russian
  • Co-author "Legal 500 Country Comparative Guide for Private Equity - US," 2022