COBALT advised BaltCap Private Equity Fund III (BPEF III) and its co-investor Sven Nuutmann on acquiring 100% of the shares in Baltic Ticket Holdings OÜ, the leading ticketing company in the Baltics and Belarus. The transaction is subject to competition clearance.
Baltic Ticket Holdings (BTH), founded in 1997, is the largest ticketing services provider in Estonia, Latvia, Lithuania and Belarus operating Piletilevi AS, Bilesu Serviss SIA, Nacionalinis bilietu platintojas UAB and Kvitki Bel as the main platforms. BTH main line of business is ticket sales through digital platforms and a network of over 700 physical sales points.
Private Equity Fund III (BPEF III) invests in innovative companies in the Baltic and Nordic countries following buy-and-build strategy. BPEF III was established in co-operation with European Investment Fund (EIF), the European Bank for Reconstruction & Development (EBRD), the Nordic Environment Finance Corporation (NEFCO), LHV pension funds, SEB pension funds from Estonia, Latvia and Lithuania, eQ Asset Management and also family offices.
Our work comprised advising the client on all aspects of the deal from drafting and negotiating the documentation, legal due diligence and applying for the permission of the Competition Authority. The team was lead and the client was advised by Partners Peeter Kutman and Elo Tamm, Senior Associate Madis Reppo and Associate Tiit-Gregor Mets from our Estonian office, Partners Guntars Zīle and Uģis Zeltiņš and Associate Vadims Zvicevičs from Latvia, Partners Elijus Burgis and Rasa Zaščiurinskaitė and Senior Associates Julija Aleška and Justinas Šileika from Lithuania and Partner Darya Zhuk and Managing Associate Anastasia Bykowskaya from Belarus.