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Glimstedt and Cobalt Advise on CGP Management's Sale of Private Clinics in Lithuania

Glimstedt and Cobalt Advise on CGP Management's Sale of Private Clinics in Lithuania

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The Lithuanian office of Glimstedt has advised UAB CGP Management on the sale of four private medical service operators in Lithuania to Latvia's Repharm healthcare group. Cobalt advised Repharm on the deal.

According to Glimstedt, the four private medical service operators – UAB MediCa Klinika, UAB Kardiolita, UAB Bendrosios Medicinos Praktika, and UAB Svalbono Klinika – represent “the largest private medical service provider in Lithuania with a network of 33 clinics operating in 16 cities. The network includes Kardiolitos Klinikos in Vilnius, the only privately-run hospital in Lithuania providing for hospital care services.”

Glimstedt’s team was led by Partner Andrius Ivanauskas and included Associate Partner Edvard Gasperskij, Senior Associate Michailas Molis, and Associate Simona Butkute.    

Cobalt's team included Partner Elijus Burgis and Senior Associates Deimante Pagiriene, Julija Aleska, Julija Beldeninoviene, and Justinas Sileika.

Cobalt at a Glance

COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 250 attorneys and support staff. During 25 years of experience, we have become a strategic partner to our clients in handling both daily matters and complex large–scale transactions and disputes.

The firm’s broad spectrum of expertise and established position as the market leader gives a comprehensive basis for providing full-service business law advice.

Top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups are among our clients. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 7 times receiving Chambers Europe, IFLR, The Lawyer and Mergermarket awards, and we are regularly listed amongst the top-performing M&A legal advisors in the Bloomberg, Refinitiv and Mergermarket deal tables. Recognized as the No.1 Lithuanian law firm in the Prospera Law Firm Review 2021 and No. 1 law firm in Latvia in 2022, 2020, 2019, and 2018 client satisfaction surveys. We were recognized as a Baltic-wide Law Firm of the Year at the 2022 Chambers Europe Awards ceremony and named the Baltic States Tax Firm of the Year and Pro Bono Firm of the Year at the annual ITR EMEA Tax Awards 2021 ceremony. 

More information on COBALT can be found at www.cobalt.legal.