Cobalt has advised the BaltCap Private Equity Fund III and investment company Draugiem Capital on their acquisition of a majority stake in Latvia-based multi-sector production company Pepi Rer. RER Lextal reportedly advised Pepi Rer.
According to Cobalt, the buyers aim to boost the global expansion of the business. The transaction remains contingent on regulatory approval.
Based in Valka, Pepi Rer is a manufacturing and e-commerce company with over 25 years of experience, producing a wide range of polyethylene foam and air bubble film products. It is noted for its IGLU soft play brand, ProVent floor insulation brand, and production of construction and packaging materials. Since 2015, "the company has exported 90% of its sales to over 40 countries worldwide, making it one of the world's leading brands in its segment," Cobalt reported.
The Cobalt team was led by Partner Guntars Zile and included Partners Sandija Novicka and Ugis Zeltiņs, Senior Associates Martins Tarlaps and Ivo Maskalans, Specialist Counsel Andrejs Lielkalns, and Associate Vadims Zvicevics.