Cobalt has advised BPM Capital on financing for Tahe Outdoors' investment in German kite surf engineering company Hiss-Tec. Ellex Raidla advised Tahe Outdoors on its investment.
According to Raidla Ellex, "the financing was combined together with BPM Capital via mezzzanine investment."
BPM Capital is an independent investment company that provides mezzanine financing in the Baltic region and Poland. Tahe Outdoors, established in 1989, is a prominent European kayak, canoe, and paddling equipment manufacturer, and it operates seven brands of watersport equipment and has three factories. Hiss-Tec, a German kitesurfing company with 10% of global market share, sells their products in 70 countries.
The Cobalt team was led by Partner Peeter Kutman and included Senior Associates Kristjan Kotkas and Karl Kull and Specialist Counsel Jesse Kivisaari.
The Ellex Raidla team was led by Partner Risto Vahimets and included Senior Associates Gerly Lohmus and Helen Metsar and Lawyer Anna Trine Raudsepp.