COBALT represented BaltCap Fund in its acquisition of 100% of shares in Pardavimo automatai

COBALT represented Baltic Coffee Holding, a Latvian company held by the biggest private and venture capital fund manager in the Baltic countries BaltCap, in the acquisition of 100% of shares in a Lithuania-based company Pardavimo automatai.

After the assessment of the transaction-related circumstances, the Competition Council acknowledged that the intended concentration would not create or strengthen the dominant position, nor would it significantly restrict competition in the relevant markets.

Both Baltic Coffee Holding and its controlled BCH Lithuania, BCH Latvia and BCH Estonia (previously known as Selecta), sell and rent beverage machines for offices, hotels and public catering providers, and are engaged in retail trade via the vending machines. Pardavimo automatai sells and rents Jura-branded and other beverage machines, is engaged in retail trade via the vending machines as well as trades in coffee.

COBALT represented the buyer in negotiations and in drafting and coordinating transaction and concentration documents, also advised on all matters related to the transaction. The team included Elijus Burgis, COBALT Partner and Head of the Corporate Transactions and Finance Department, Rasa Zaščiurinskaitė, Head of the Competition Law practice group, and Associates Inga Mažvilaitė and Justinas Šileika.