COBALT advises MEKO on the acquisition of Koivunen

2022 - 07 - 04

COBALT advises MEKO in the Baltics in the acquisition of Koivunen. Koivunen is the provider of automotive spare parts and related services in Finland, Estonia, Latvia, and Lithuania.

MEKO is a market-leading spare parts distributor in Northern Europe whose shares are listed on Nasdaq Stockholm. The transaction consisted of the acquisition of Koivunen, including its subsidiaries in the Baltics. The enterprise value of the transaction is EUR 122 million on a cash and debt-free basis.

COBALT advises the client on all aspects of the transaction connected to Estonian, Latvian, and Lithuanian law. Our team is led by Partner Martin Simovart, Managing Associate Jesse Kivisaari and Associate Getter Villmann from Estonia, Partner Guntars Zīle and Senior Associate Diāna Zepa from Latvia, Partner Juozas Rimas and Managing Associate Deimantė Pagirienė from Lithuania.

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