COBALT advisesthe business management consulting company UAB 3 RILL on the acquisition of shares in a leading manufacturer of PET pre-forms and PET containers in the Baltic States UAB Putokšnis from the venture capital fund LitCapital and acquisition of sole control of the company. LitCapital sold one third of shares in UAB Putokšnis acquired earlier in 2011.
UAB Putokšnis was established back in 1994 and currently it operates PET pre-form and PET container manufacturing plants in Lithuania. UAB Putokšnis exports its production to West, Central and East European countries, CIS countries and Scandinavia.
COBALT lawyers drafted transaction documents, represented the client in negotiations, provided legal assistance with the structuring and financing of the transaction, obtaining merger clearance from the Competition Council and other legal support to the client on all transaction related matters. The project team was led by COBALT partner in Lithuania Elijus Burgis and Senior Associate Eva Suduiko.