` Diāna Zepa | COBALT

Diāna Zepa

Senior Associate / Latvia


Diāna represents clients of our M&A and Corporate law practice groups and provides legal assistance both in everyday situations and in company acquisitions and mergers. She has accumulated considerable experience in commercial law and real estate matters during her practice at several law firms in Latvia in addition to offering her services as an independently practicing sworn advocate.


  • M&A – Notable practitioner, IFLR 1000 2023
  • Commercial, Corporate and M&A – Rising Star, Legal 500 2024


  • Latvian, English, Russian, German

Membership & education

  • Latvian Bar Association (since 2006)
  • Master’s degree in International Law, University of Latvia, Riga, Latvia (2001)
  • Lawyer qualification in law, University of Latvia, Riga, Latvia (1998)

Verification platform Verifeye Online secures investment from New Nordic Ventures

1242 Apps acquires shares in technology start-up Chili Labs

The sole owner of Avalanche Laboratory OÜ sold the company to Insuro Technologies

Poultry producer Putnu fabrika Ķekava completes its reorganisation and rebrands as Ķekava Foods

Capital Mill sells industrial property in Riga to Proks Capital

Warmeston OÜ acquires Brocēni cogeneration plant and pellet factory in Latvia from Enefit Green

COBALT advised international business group Indutrade on the acquisition of Labema Oy

BaltCap expands its reach in Latvia’s social sector by acquiring an elderly care operator

One of the world’s leading betting and gaming companies sells its Latvian business

The majority shareholder of Hansab sells its majority stake to BaltCap

PLAY acquires Latvian technology start-up Veset

COBALT advised SAMSUNG C&T on investment in Forta PRO

COBALT advises on the sale of HKScan’s Baltic business to AS Maag Grupp

COBALT advises BaltCap with entering the Latvian social and healthcare sector

COBALT advises BaltCap, Imprimatur Capital and other shareholders with exit sale of Blue Bridge Technologies

COBALT advised LHV Asset Management and LHV pension funds on the financing of Dimedium Group deal

COBALT advises BaltCap with exit sale of Vendon SIA

COBALT advises MEKO on the acquisition of Koivunen

COBALT advises BaltCap on sale of Uprent Group

COBALT advised Syneos Health on acquisition of a leading contract research company

COBALT advised IBM on reorganization for separation of Kyndryl regarding Baltic jurisdictions

COBALT advised SuperHero Capital on a EUR 450 000 investment into PrintOnPack.com

COBALT advised European Lingerie Group on raising a 27-million euro loan and investment

COBALT advised Mid Europa Partners on acquisition of leading Baltics e-commerce platforms

COBALT advised EURION Fund managed by Corum Asset Management in the acquisition of a landmark property in Riga

COBALT advised capital300 and Chalfen Ventures on a EUR 5 million investment into Lokalise

COBALT advises airBaltic on EUR 250 million investment in the company’s share capital by the Latvian government

Marguerite Fund has closed AS Conexus Baltic Grid share sale transaction

COBALT advised SEB life insurance undertakings on cross-border merger in the Baltics

COBALT advised STADA Arzneimittel on the acquisition of Walmark

COBALT advises BaltCap on selling Fitek

COBALT advised Vink Nordic Holding ApS on acquiring Proplastik

COBALT advised Luminor on cross-border merger

COBALT advised Astor Group in the acquisition of Radisson Blu Daugava hotel

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 Bisnode on the acquisition of Datu Serviss

COBALT advises Luminor on reorganising its management structure

COBALT advised DNB on the creation of Luminor – largest ever transaction in the Baltic banking market

COBALT advises AS Storent Investments on the acquisition of Cramo operations in Latvia and Kaliningrad

COBALT advised Korona Invest Fund in an investment to the digital agency Wunder

COBALT Advises Prezi in Acquiring Data Visualization Company Infogram

COBALT advises Santa Monica Networks on sale of its Finnish-Baltic subsidiaries