Andrejs Lielkalns
About
Andrejs Lielkalns is one of the best know Latvian experts in the area of Banking & Finance and Capital Markets. He counts amongst his clients many local and international financial institutions, governmental institutions and companies. Andrejs experience includes advising on Latvian and EU regulatory matters, sale and purchase of banks, other financial institutions and financial institution assets, stock exchange listings (de-listings), financial services, financial transactions, derivatives transactions, payment services, payment cards and e-money matters, credit institution insolvency, EU Structural funds, cross-border finance and lending, as well as on numerous project finance, alternative financing, restructuring and refinancing arrangements.
- Banking & Finance – Band 1, Chambers Europe 2025
- Banking, finance and capital markets – The Legal 500 Hall of Fame 2025
- Banking and finance – Highly regarded, IFLR1000 2024
- Capital markets – Highly regarded, IFLR1000 2024
Languages
- Latvian, English, Russian
Membership & education
- Latvian Bar Association (since 1998)
- LL.M., University of Michigan, Michigan, USA (1997)
- LL.M. with distinction, University of Amsterdam, Amsterdam School of International Relations, Amsterdam, the Netherlands (1996)
- LL.B., University of Latvia, Faculty of Law (1994)
airBaltic issues EUR 340 million bonds
BaltCap and Draugiem Capital to acquire majority in Pepi Rer, developer of the IGLU brand
COBALT advised Amber Beverage Group on issuance of EUR 30 million bonds
COBALT advised Nordea in selling its shareholding in Luminor
COBALT advised Coffee Address Holding on issuance of EUR 5 million bonds
COBALT advised Signet Bank AS in the merger transaction with Expobank AS
COBALT advises VPH on development of a new shopping complex on Valmieras street in Riga
COBALT advised Hili Properties on the EUR 20 million acquisition of Riga shopping centre
COBALT advises Altum investment fund in financing Primekss
COBALT and Linklaters advised EIB and NIB on financing of the Kekava Bypass road project
COBALT advised Swedbank on evaluating structural changes at the Baltic level
COBALT advised Luminor, Nordea and DNB on closing transaction with Blackstone
COBALT advises BaltCap on selling Fitek
COBALT advised Luminor on cross-border merger
COBALT advised Luminor on EUR 1 billion majority stake acquisition by Blackstone
COBALT advised Luminor on obtaining ECB approval for cross-border merger in the Baltics
COBALT advised Kartesia on its investment in Groglass®
Legal tax advice to Deutsche Bank AG
COBALT advises Luminor on reorganising its management structure
COBALT Advises Koha Capital with Investment in Tech Startup Giraffe360
COBALT advises DNB upon combining its operations with Nordea in the Baltics
COBALT advises Linstow Group on EUR 76 million financing from SEB and Danske Bank
COBALT advised Nets on its acquisition of Nordea Merchant Acquiring for EUR 230 million
COBALT advise the State Treasury in the sale of AS Liepajas Metalurgs to KVV Group
COBALT advises Invalda LT in acquisition of IPAS Finasta Asset Management
COBALT Advised Credit Suisse Securities on 4Finance High Yield Bond Offering
OTKRITIE will acquire GE Money Bank Latvia and its subsidiaries