COBALT advised Asgaard Oriens on its investment into one of the largest vertical farms in Europe

COBALT advised an investor Asgaard Oriens, UAB on its investment into one of the largest vertical farms in Europe and the acquisition of up to 45% of the shares. The planned investment will reach EUR 6.45 million.

The Lithuanian company Leafood Group together with Taiwanese partners YesHealth Group will build a 4 thousand sq. meters vertical farm in Vilnius. Leafood will make it possible to grow healthy raw products closer to the main consumers.

The national development institution Investment and Business Guarantees (INVEGA) also contributed to the financing of the vertical farm by providing a EUR 3 million loan under its instrument “Startuok”.

COBALT prepared the transaction documents, represented the client in the negotiations, and provided consultations on all issues related to the transaction. The COBALT team consisted of Partner Elijus Burgis, Managing Associate Deimantė Pagirienė and others.