COBALT advises B2KAPITAL in acquiring a non-performing loan portfolio from SIA Hiponia

COBALT advised B2KAPITAL SIA, a debt portfolio acquisition and management company, in the acquisition of a non-performing loan portfolio from SIA Hiponia in Latvia.

B2KAPITAL procures and manages corporate and retail, secured and unsecured non-performing loans. The company is based in Riga, Latvia. It operates as a subsidiary of B2HOLDING ASA, a leading European distressed asset solution provider for banks and institutional vendors.

COBALT Latvia office acted as the legal counsel to B2KAPITAL. Within the acquisition process COBALT Latvia office conducted legal due diligence as well as provided structuring and transactional advice to the buyer. The team was led by partner Gatis Flinters, accompanied by senior associate Maija Tipaine and associate Dita Buša.