COBALT advised AS Storent Investments (Storent), a rental equipment company operating in Baltics, Finland and Sweden, on the acquisition of Cramo operative companies in Latvia and Kaliningrad, SIA Cramo and OOO Cramo Kaliningrad. Cramo operations in Latvia and Kaliningrad consisted of 7 rental depots with 43 employees.
Find the Storent announcement of acquisition here.
COBALT advised the client in all stages of the transaction, assisting in the legal due diligence process, advising on transaction structuring and financing, drafting transaction documentation and assisting in negotiations. COBALT team included Managing Partner Lauris Liepa, Partner Toms Šulmanis, Senior Associates Sandija Novicka and Inga Tenisa, Associates Viktorija Alksne, Krišjānis Bušs, Ivo Maskalāns and Diāna Zepa.
Storent is one of the leading rental equipment companies in Baltics, operating 21 rental depots across Latvia, Lithuania and Estonia. In December 2016 Storent acquired Leinolift OY, a Finnish access equipment rental company. In 2017 started operations in Stockholm, Sweden.