COBALT advises BaltCap with entering the Latvian social and healthcare sector

BaltCap Private Equity Fund III (BPEF III), through its subsidiary Adoro, has signed an agreement to acquire the assets of Dzives Abece, a social care center in Latvia. With the investment, BaltCap aims to diversify the range of high-quality care services in Latvia for seniors and other client groups, such as post-treatment rehabilitation and dementia patients.

Founded in 2018, Dzives Abece is a “family-type” service provider operating a 97-bed facility in Riga.

COBALT provided full legal support of the transaction, including the preparation and execution of the acquisition. The team was led by Partner Guntars Zīle and Senior Associate Diāna Zepa and included Senior Associate Juta Meimere and Associate Artūrs Valderšterns.

BaltCap announcement.