As of 17 August 2013 Marginalen AB, one of the Swedish finance holding Marginalen Group companies, has acquired from General Electric Capital Corporation 100% shares in the consumer lending and leasing company AS GE Money. As a result of the transaction name of the company will change to AS MG Capital.
Marginalen Group is a Swedish finance holding with more than 30 years of experience in the field of financial services. Marginalen Group companies operate in Sweden, Netherlands and Baltic states. Two of Marginalen Group subsidiaries already operate in Latvia – SIA Aizdevums.lv and UAB Gelvora branch in Latvia.
COBALT Latvian office acted as legal advisor to Marginalen AB in this transaction, including performance of legal due diligence of AS GE Money and support in preparation and negotiation of transaction documents.