A strong end to 2022, embodied by high levels of real estate transactions and M&A work – despite a legislative downturn and no government – is the buzz in Latvia, according to BDO Law Managing Partner Vita Liberte.
Cobalt has advised the BaltCap Private Equity Fund III – acting through its subsidiary Adoro – on acquiring the assets of Dzives Abece.
Cobalt, working with Bech-Bruun, has advised Danone company Nutricia on its intra-group restructuring by incorporating Danone SIA into Nutricia SIA.
Cobalt has advised BaltCap Latvia Venture Capital Fund and funds managed by Imprimatur Capital, together with other shareholders, on the sale of Blue Bridge Technologies to Everfield. BDO Law advised Everfield on the deal.
Cobalt, working with Clifford Chance, has advised joint lead managers Citi, Deutsche Bank, Erste Group, and Nomura on the EUR 850 million issuance of 4-year eurobonds by the Republic of Latvia. Allen & Overy reportedly advised the Republic of Latvia.
Cobalt has successfully represented biogas power plants Ziedi JP, AD Biogazes Stacija, Bio Future, Gas Stream, Conatus Bioenergy, International Investments, Agro Lecava, RZS Energo, and Macibu un Petijumu Staimnieciba Vecauce before Latvia’s Constitutional Court in a dispute related to specific requirements for the efficient use of thermal energy under mandatory procurement.
Cobalt has advised LHV Asset Management and LHV pension funds on their financing for the share buyout of the Dimedium Group. Ellex advised Dimedium.
Cobalt has advised energy infrastructure contractor Enersense SIA on the formation of a joint venture with Siemens Energy Global.
Cobalt has successfully represented the Baltic Center for Investigative Journalism Re:Baltica in a defamation dispute related to its 2019 article “Mega-donor to pro-Russian party benefits from Magnitsky and Azerbaijani laundromats.”
Cobalt has successfully represented Latvian news magazine Ir before Latvia’s Supreme Court in defamation proceedings.