A significant transaction in Lithuania’s food industry – COBALT advised IN Group, the shareholder of Norvelita, on the transfer of part of the company’s shares.
Norvelita is one of Lithuania’s largest fish processing companies, specialising in the production of smoked and salted salmon. Approximately 85% of the company’s products are exported to Western European markets.
INVL Private Equity Fund II invests into Norvelita and Nordian Group. The combination of the two companies will create one of the largest fish processing groups in the region, with combined annual revenues of approximately EUR 200 million. The transaction will enable further investment in the companies’ production capacity and workforce, supporting their long-term growth, high product quality and customer confidence.
Our client, Norvelita shareholder IN Group, was advised on the transaction by COBALT Managing Partner Dr Irmantas Norkus and Specialist Counsel Žygintas Voronavičius, while competition law matters were handled by COBALT Partner Dr Lauras Butkevičius and Senior Associate Edvinas Einoris.
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