COBALT advised managers (SIA Oribalt Group) of the Baltic entities of pharmaceutical wholesale company Oriola in the management buy-out of Oriola’s Baltic businesses (SIA Oriola Rīga, UAB Oriola Vilnius, AS Oriola, Oü Oriola Estonia and SIA Panpharmacy), including in all matters related to the financing of the acquisition. The value of the deal is confidential.
"We are very happy with this acquisition. Our acquiring group has several years of experience in leading the Baltic businesses, and we are excited to continue developing them further as owners. The high quality of services and long-term business development are our top priorities also in the future", says Pekka Ruokanen, Oribalt Group SIA Director.
COBALT advised the clients in all stages of the transaction, including in negotiations of the sale and purchase agreement, as well as loan and security documentation related to the financing of the acquisition and various tax aspects within the deal. COBALT team was led in Latvia office by Specialist Counsel Edgars Lodziņš and Managing Partner Lauris Liepa with assistance of Senior Associates Inga Tenisa, Elīna Ločmele and Sandija Novicka, and Associates Marija Berdova and Krišjānis Bušs. In Estonia office the team was led by Partner Marina Tolmatshova with assistance of Associate Christine Mägi. In Lithuania office the team was led by Partner Akvilė Bosaitė with assistance of Associates Aurelija Balčiūnė and Mantas Juška.