COBALT advised and represented Invalda LT in respect of acquisition of a direct qualifying holding in IPAS Finasta Asset Management.
Invalda LT is one of the largest Lithuanian investment and asset management companies. Since its incorporation in 1991, the company has executed multiple acquisition, sale and capital attraction transactions and currently is controlling more than 60 companies and investment funds, primarily in Lithuania. In addition to IPAS Finasta Asset Management Invalda LT group includes such financial institutions as Bank Finasta, UAB Finasta Asset Management, MP Pension Fund Baltic and AS Finasta Atklātais Pensiju Fonds. Invalda LT is listed on NASDAQ OMX Vilnius stock exchange since 1995.
IPAS Finasta Asset Management is an investment management company established and operating in Latvia. IPAS Finasta Asset Management manages investment funds (UCITS) Finasta Obligāciju fonds, Finasta Sabalansētais fonds and BALTIC INDEX fonds, state funded pension plans Finasta Komforts, Finasta Ekstra +, Finasta konservatīvais, third pillar pension plans Dzintars - konservatīvais, Saule - sabalansētais, Jūra - aktīvais, and provides certain other investment services to retail and corporate clients.
COBALT advised and assisted the client in preparation of the documentation for the filing for acquisition of the qualifying holding in IPAS Finasta Asset Management, and represented Invalda LT in liaising with the Latvian Finance and Capital Market Commission in the application review process.