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COBALT advised BaltCap on sale of Magnetic MRO


COBALT advised BaltCap, the largest buy-out, growth capital and private equity infrastructure investor in the Baltic States and minority shareholders on the sale of 100% of the shares in Magnetic MRO to Guangzhou Hangxin Aviation Technology (“Hangxin”) for €43 million. Indicative closing date is planned at the end of March.

Magnetic MRO is a full-service aircraft maintenance company headquartered in Tallinn. In 2017, Magnetic MRO received Company of the Year and Exporter of the Year awards in Estonia.

“During BaltCap’s ownership Magnetic MRO has grown from small regional player to a profitable global company,” said Kristjan Kalda, the Chairman of the Supervisory Board of Magnetic MRO and Partner of BaltCap. “This is the largest exit transaction in BaltCap’s history and proves our ambition to create highly competitive Baltic companies. I would like to thank the fantastic team in Magnetic, this strategic move is definitely a huge leap for the company.”

Our work comprised conducting vendor LDD and advising the client in drafting and negotiating the transaction documents.

The client was advised by partner Peeter Kutman, senior associate Karl Kull and associate Madis Reppo.

Please see the press release from here