COBALT advised Creditinfo Group, a global leader in credit information and data-driven solutions, on the acquisition of full ownership of the Latvian credit bureau Kredītinformācijas Birojs AS (KIB Latvia). The transaction increased Creditinfo Group’s stake from 51% to 100%, following 13 years of successful partnership.
The acquisition strengthens Creditinfo Group’s strategic presence in Latvia and the wider Baltic region, enabling full operational control of the credit bureau and greater alignment with the company’s long-term regional growth objectives. With full ownership of the Latvian credit bureau, Creditinfo Group will accelerate investment in the local market, driving the development of more advanced data solutions and expanding the scope of services available to financial institutions, businesses and consumers.
Elari Tammenurm, Regional Director, Continental Europe at Creditinfo Group, said: “We would like to extend our sincere thanks to our fellow shareholders — Swedbank, SEB, Citadele, and Luminor — for their constructive collaboration throughout the process. We also greatly appreciate the support of our advisors at COBALT in Estonia and Latvia. We’re excited about the future and expanding access to finance in the region.”
The COBALT project team advising Creditinfo Group included Senior Associate Heleri Tammiste, Specialist Counsel Mārtiņš Tarlaps, Partners Martin Simovart, Guntars Zīle and Uģis Zeltiņš, Senior Associate Marija Berdova and Associate Vadims Zvicevičs.
