Cobalt has advised BaltCap Private Equity Fund III on its acquisition of HansaMatrix via subsidiary SIA Emsco.
According to Cobalt, BaltCap has now “become the sole shareholder of high-tech company HansaMatrix, resulting in the delisting of HansaMatrix shares from the Baltic Main List of the Nasdaq Riga regulated market.”
According to the firm, “HansaMatrix is a fast-growing, high-technology company that provides product design, industrialization, and complete manufacturing services in data networking, Internet of Things, industrial, and other high added value business sectors. The takeover of HansaMatrix was carried out in two phases. First, BaltCap made a voluntary takeover bid to all HansaMatrix shareholders in accordance with the Takeover Law. As a result, BaltCap acquired such a number of HansaMatrix shares that allowed it to complete the final share buy-back of HansaMatrix. This was the first takeover process carried out in accordance with the Takeover Law.”
The Cobalt team included Partners Guntars Zile and Ugis Zeltins and Senior Associates Martins Tarlaps, Ivo Maskalans, and Krisjanis Buss.
