COBALT advised BPM Mezzanine Fund on backing the acquiring of 100% of DenEesti OÜ, the leading provider of shore services to cruise ships in Tallinn.
DenEesti is a secure shoreside and port services provider for the cruise industry, specialising in the Baltic Ports, Russia, the Black Sea, and the British Isles. The company was founded in 1999 by UK and Estonian tourism professionals to offer shore services to cruise ships in Tallinn.
BPM Capital is an independent investment company that provides mezzanine financing in the Baltic region and Poland. Backing DenEesti was their seventh transaction in the Baltics.
Our work comprised advising the client in drafting and negotiating the transaction documents. The client was advised by senior associate Kristjan Kotkas and partner Peeter Kutman.