COBALT advised a high-net-worth entrepreneur on the restructuring of a substantial portfolio of privately held business and investment assets as part of a broader long-term wealth planning exercise.
The engagement involved reviewing the client’s existing ownership structure from tax, asset holding and succession perspectives and developing and implementing a more streamlined holding structure. As part of the restructuring, we consolidated personally held interests in several companies under the client’s wholly owned holding company. Our work included designing the tax-efficient structure, advising on the tax treatment of the restructuring and future distributions, implementing the transfers through contributions in kind, and handling the related corporate and registration steps.
The wider engagement also included advising on alternative structures for individual assets, future succession and the potential involvement of the next generation in the ownership and governance of the family’s investment structure.
The team included Managing Associate Tõnu Kolts and Associate Kerstin Tang.
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