RENOMIA GROUP, one of the leading insurance services and risk management groups in the CEE region, has acquired a majority stake in the Lithuanian companies Draudimo bitės and Žalų sprendimai.
The acquisition of the insurance brokerage and claims management companies marks a new step for RENOMIA GROUP, making it one of the largest insurance brokerage groups in Lithuania while further strengthening its leading position across the Baltic states.
One of the acquired companies operates as an insurance broker, while another focuses on resolving complex insurance claims, often with an international dimension. Both companies primarily specialize in vehicle insurance, transportation, and carrier liability.
The acquired companies and RENOMIA share the same values and leverage modern technologies, further strengthening their partnership.
Throughout the transaction process, including legal due diligence, drafting and negotiating the share purchase and shareholders’ agreements, as well as assisting the parties with signing and closing, RENOMIA was advised by the COBALT team.
The COBALT team was led by Managing Partner Dr. Irmantas Norkus and Associate Partner Deimantė Pagirienė. The team also included Senior Associate Ieva Milkamanavičiūtė, Assistant Lawyer Bernard Balcevič, and other COBALT lawyers.
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