COBALT advises Darby in sale of Latvian dairy producer Rigas Piensaimnieks

Private equity arm of Franklin Templeton Investments – Darby Converging Europe Mezzanine Fund has sold a leading Latvian dairy producer Rigas Piensaimnieks to Meridian Capital CIS Fund. The COBALT team, advising Darby in transaction was led by partner Lauris Liepa and senior associate Dr. Zane Bule.

COBALT represented Darby in all Latvian transactional matters, including advice on corporate, employment, tax and IPR issues as well as handling competition matters, involving preparation of the merger filing which was particularly challenging since the acquisition implied merger between two competitors in the market.

COBALT has advised Darby regarding initial investment in Rigas Piensaimnieks in 2006 and the following acquisition of 100% shares of company in 2010.