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Cobalt Advises SEB Bank and VIPA on Financing Renovation of Schools in Kaunas

Cobalt Advises SEB Bank and VIPA on Financing Renovation of Schools in Kaunas

Lithuania
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Cobalt has advised the SEB Bank and Public Investment Development Agency on their provision of a EUR 8.4 million loan to BaltCap Infrustructure Fund and the Kaunas District Municipality, designed to finance the renovation of schools in the the towns of Zapyskis, Kacergine, and Mastaiciai and the modernization of the Mastaiciai swimming pool.

According to Cobalt, “after the renovation, the schools will be able to educate additional 500 students from the surrounding areas, so they will no longer have to go to schools far from home on a daily basis.”

"The population of Kaunas district has increased by almost ten percent during the last five years — eight thousand permanent population — so it is natural that the number of schoolchildren is increasing, and the older local schools cannot always meet their needs,” said Vilius Juzikis, Director of SEB's Business Banking Department.

Cobalt’s team consisted of Partners Simona Oliskeviciute-Ciceniene and Eva Suduiko, Managing Associate Ausrys Sliavas, and Associate Ignas Jurkynas.

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.