COBALT advised LHV Asset Management and LHV pension funds on the financing of Dimedium Group deal
2022 - 10 - 20
COBALT advised LHV Asset Management and LHV pension funds on financing the Dimedium Group deal. As a result of the transaction, Sivar Irval and Oliver Kullman bought the shares of the co-shareholders of Dimedium Group with the financing of LHV. After the transaction, the Irval company owns a 75% stake.
Dimedium Group is Estonia´s oldest wholesaler of veterinary medicines and products, founded in 2015 by the merger of two previously competing family businesses. LHV is the largest domestic financial group, founded in 1999.
According to Sivar Irval, the transaction occurred because the co-shareholders were interested in exiting the company due to their age and wanted to proceed with the business with Oliver Kullman. Two families own the business, and now the first generation has finally handed it over to the second generation.
Our pan-Baltic team who advised the client on all aspects of the transaction was led by Partner Marina Kotkas, including Associate Maarja Tambet, and Junior Associate Christine Mägi in Estonia.
Due Diligence assistance was provided by Partner Edgars Lodzinš, Partner Guntars Zile, Senior Associates Diana Zepa and Krišjanis Bušs and Associate Aigars Batars in Latvia, and Partner Eva Suduiko, Managing Associate Julija Beldeninoviene, and Senior Associates Laura Ryzgelyte, and Lina Aleknaitė-van der Molen in Lithuania.