COBALT Estonia acted as the legal counsel for Outdoor Life Group Holding B.V. on acquisition of 40% shareholding in Aktsiaselts Lasita Maja, with the purpose of creating a leading log cabin supplier in Europe.
Outdoor Life Group Holding B.V. is a subsidiary of N.V. Deli Maatschappij, a company established in 1869 and headquartered in Rotterdam, the Netherlands. The Deli group is a leading supplier of timber, building and decorative products for home and garden, and the construction sector, with annual revenues of EUR 700 million and more than 2,000 employees.
Lasita Maja is one of the leading log cabin manufacturers in Estonia, having more than 200 employees and manufacturing around 25,000 log cabins a year. The acquisition enables Outdoor Life Group and Lasita Maja to integrate production and sales, and create a strong presence in about ten countries across Europe, selling log cabins, garden timber and other outdoor products.
COBALT Estonia responsibility was advising Outdoor Life Group Holding B.V. on all legal aspects of the transaction. COBALT Estonia team for this transaction was led by Partner Martin Simovart and Senior Associate Heleri Tammiste.