Marina
Kotkas
Partner / Estonia
 
about

Marina Kotkas is a partner and co-chair of the Banking & Finance practice group at COBALT Estonia and the head of the Russian Desk. Marina has extensive experience in advising Estonian and cross-border financing and capital market transactions, including project, real estate and acquisition financing, refinancing, public offerings and private placements of capital securities and debt instruments and admitting thereof for trading on regulated markets, public M&A and tender offers.

Marina is the regular adviser to the largest local and international credit and financial institutions and, in addition to financing and capital markets transactions, her expertise also covers assisting with mergers, sale of loan portfolios and all regulatory aspects of the activities of banks and financial institutions. Marina’s clientele also includes listed companies, local and international private equity houses and industrial investors whom she advises on capital raising and public M&A transactions and the variety of regulatory issues. Marina is also known for her vast experience in aircraft financing field.

Marina has advised clients on many major financing transactions, including advising a syndicate of banks with Luminor as mandated lead arranger upon financing the business activities of AS Graanul Invest, the largest wood pellet producer in Europe, and assisting European Diversified Infrastructure Fund II (EDIF II) upon their investment into Utilitas, the leading Estonian energy group. Marina has also advised Luminor and LHV upon establishment of their covered bond programmes and has lead the COBALT team upon conducting the IPO of shares of the Port of Tallinn and issue of secured bonds by PRFoods.

Marina has been a member of the Estonian Bar Association since 2003.

 
recognition
  • Banking, Capital Markets - Market Leader, IFLR 1000 2021
  • Banking, Finance, and Capital Markets - Leading Individual, Legal 500 2021
  • Banking, Finance, and Capital Markets – Leading Individual, Legal 500 2020
  • Banking and Capital Markets – Market Leader, IFLR 1000 2020
 
cv
Languages
Estonian, Russian, English

Education & membership
  • Cross-Border Transactions Program, Lex Mundi Institute, Monterey, USA (2011)
  • Master of Laws (LL.M.) degree, University of Tartu, Faculty of Law, Estonia (2001)
  • Capital Markets Practice Group, FinanceEstonia (2015)
  • Bank Finance and Regulation Practice Group, Lex Mundi (2011)
  • Young Professionals Committee, American Chamber of Commerce in Estonia (2003)
  • Estonian Bar Association (since 2003)


Publications
 
experience
Load More
  • 2020 — 07 — 31
    COBALT advised Capfield on receiving a loan of EUR 85 million
  • 2020 — 05 — 22
    COBALT advised LHV Pank on the establishment of its covered bond program
  • 2020 — 04 — 06
    COBALT advised AS PRFoods on the public offering and listing of secured notes
  • 2020 — 03 — 12
    COBALT advised Luminor Bank on the first issue of covered bonds in the Baltic region, in the amount of EUR 500 million
  • 2020 — 01 — 23
    COBALT advises AS PRFoods on the issue of notes
  • 2020 — 01 — 20
    COBALT advised EIB on giving EUR 50 million venture debt facility to Bolt
  • 2019 — 10 — 15
    COBALT advises Zeppelin Group on acquiring Baltic Marine Contractors
  • 2019 — 09 — 30
    COBALT advised Luminor, Nordea and DNB on closing transaction with Blackstone
  • 2019 — 02 — 11
    COBALT advised European Investment Bank on EUR 12 million loan to Elcogen
  • 2019 — 01 — 23
    COBALT advised Scope on acquiring lingerie brand Miss Mary of Sweden
  • 2018 — 11 — 28
    COBALT advised European Diversified Infrastructure Fund II on investment in Utilitas, leading private Estonian energy group
  • 2018 — 09 — 20
    COBALT advised Sjølund Group on the acquisition of Cutform OÜ
  • 2018 — 09 — 13
    COBALT advised Luminor on EUR 1 billion majority stake acquisition by Blackstone
  • 2018 — 08 — 06
    COBALT advised SEB and Swedbank in extending a EUR 185 million financing to EUROAPOTHECA group
  • 2018 — 06 — 14
    COBALT advised Port of Tallinn on its IPO and listing on Nasdaq Tallinn Stock Exchange
  • 2018 — 05 — 31
    COBALT advised Morgan Stanley in connection with the financing of the acquisition and takeover bid of Olympic Entertainment Group shares
  • 2018 — 03 — 08
    COBALT advised Alexela Tanklad OÜ on bond issue
  • 2017 — 10 — 20
    COBALT advises managers of the Baltic entities of pharmaceutical wholesale company Oriola in management buy-out
  • 2017 — 01 — 24
    COBALT advises on sale of Nordic Cinema Group
  • 2017 — 01 — 11
    COBALT advises a syndicate of banks on €280m loan facility to AS Tallink Grupp
  • 2017 — 01 — 10
    COBALT advised subsidiaries of Kaamos Grupp upon obtaining a financing from the EBRD
  • 2016 — 09 — 01
    COBALT advised AS TMB, one of the largest manufacturers of concrete elements in the Baltics, on its acquisition of Betonimestarit-Group
  • 2016 — 03 — 28
    COBALT advised a leading aircraft management company in a transaction for the transfer of aircraft lease agreements
  • 2016 — 01 — 15
    COBALT advised in a major refinancing transaction in Estonia
  • 2015 — 11 — 12
    COBALT advised Export Development Canada on the sale and transfer of loans and collateral to Osaühing Transpordi Varahaldus
  • 2015 — 10 — 28
    COBALT acted as local counsel in a transaction between leading global aircraft leasing companies
  • 2015 — 09 — 04
    COBALT acted for a syndicate of banks in a major financing transaction with AS Graanul Invest
  • 2015 — 08 — 31
    COBALT advised Nordea Bank AB
  • 2015 — 07 — 13
    COBALT assisted Rakuten, Inc in the acquisition of 100% of the shares in Fits.me Holdings Limited
  • 2014 — 12 — 17
    COBALT acted for Nordea Bank AB Estonia branch and Swedbank AS in two major syndicated financing transactions for Alexela Group OÜ
  • 2014 — 12 — 09
    COBALT acted as joint counsel for Viru Keemia Grupp
  • 2014 — 12 — 02
    COBALT acted as joint counsel in a major syndicated financing transaction
  • 2013 — 10 — 02
    COBALT advised KASSIR.RU Baltics OÜ in acquisition of the biggest ticket sales network in the Baltics
  • 2013 — 09 — 10
    COBALT advised Ambient Sound Investments on the formation of a joint venture with Danish Autolog
  • 2013 — 09 — 02
    COBALT advised Swedbank’s subsidiary FR&R Nemo B.V. on sale of stake in Arealis
  • 2013 — 06 — 05
    COBALT advised East Capital Explorer upon acquisition of majority stake in leading Estonian communication services provider Starman
  • 2013 — 05 — 13
    COBALT advises EPhaG AS on the investment into its Moscow-listed subsidiary Pharmsynthez by US based OPKO Health Inc.
  • 2013 — 04 — 18
    COBALT advised Komas & funds managed by CapMan creating of Europe’s leading engineering industry manufacturing partner Fortaco
  • 2013 — 03 — 06
    COBALT advised one of Europe’s leading suppliers of industrial coatings Teknos Group Oy on the acquisition of Kemiflora’s paints and coatings business
  • 2012 — 09 — 20
    COBALT advised Xilinx, Inc. upon acquisition of business from wireless backhaul solutions provider Modesat Communications
  • 2012 — 06 — 08
    COBALT advised ATEA Baltic UAB, a part of ATEA - the leading Nordic and Baltic supplier of IT infrastructure, in an acquisition
  • 2012 — 06 — 07
    COBALT advised an Estonian private equity investment company OÜ Ambient Sound Investments on an acquisition
  • 2012 — 03 — 12
    COBALT advises SRV in development of VAASAN Group’s new bake-off factory in Estonia
  • 2012 — 02 — 01
    COBALT advised parties in connection with a major syndicated financing in Estonia
  • 2012 — 01 — 26
    COBALT successfully represents lenders in several aircraft financing transactions in Estonia
  • Clients describe her as a "very smart and knowledgeable" partner, with one source reporting: "She was responsive to our questions, delivered on time and was also proactive in making her own recommendations."
    Chambers Europe 2021, Banking & Finance