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COBALT advises Solvina in SIA Storent Holding share sale transaction

2014-11-26

In November 2014 share sale and investment transaction was closed whereby private equity investment company Solvina sold its 70.32% shares in SIA Storent Holding. As a result of the transaction Darby Converging Europe Fund III (SCS) SICAR (private equity arm of Franklin Templeton Investments) became majority shareholder of SIA Storent Holding.

Storent is one of the leading construction and industrial equipment rental companies in the Baltics, operating 23 rental depots across Latvia, Lithuania and Estonia.

COBALT Latvia office acted as legal advisor to Solvina in the sale transaction.