Arkolat SIA, a leading Latvian wholesaler of household goods has finalised the sale of 100% of its shares to the Estonian company LLG Invest. This acquisition unites two industry leaders, each possessing over 30 years of extensive experience in the distribution of household goods and products for the HoReCa and wholesale sector.
Strategic opportunities and operational continuity
The introduction of new ownership marks a strategic milestone aimed at strengthening Arkolat’s market position and ensuring sustainable growth for the future.
By combining the strengths of both entities, Arkolat will deliver significant advantages to its clients and partners, including:
- Access to a broader range of household and cleaning products.
- Greater purchasing power and optimised supply chain processes across the Baltics and Finland.
- A consolidated approach to strengthening market share within the Latvian, Estonian, and Lithuanian markets.
Transaction structure and legal advisory
COBALT provided Arkolat’s owners during the transaction, including preparing transaction documents, and assisting client in the negotiation process. A key condition for closing the transaction was the separation of the retail and real estate business lines. COBALT Latvia provided legal counsel by facilitating the reorganisation process, advising also on corporate governance and tax law matters.
COBALT team was led by Partner Toms Šulmanis, and included Partner Sandija Novicka, Specialist Counsel Elīna Ločmele, Senior Associate Marija Berdova and Associate Arnolds Mikāns.
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