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Walless and Cobalt Advise on KJK's Acquisition of Shares in Alwark Group

Walless and Cobalt Advise on KJK's Acquisition of Shares in Alwark Group

Lithuania
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The Vilnius office of Walless has advised the unidentified founders of the Alwark Group on the sale of 66% of their shares in the company to the KJK Fund III. Cobalt advised the buyer on the deal.

Financial details of the transaction were not disclosed.

The Alwark Group is a provider of sales, rental, and maintenance of new and used material handling, warehouse, seaport, and airport equipment, among other things. The company operates in Lithuania, Latvia, and Estonia and maintains over 3,500 industrial equipment units in the Baltic region.

The Walless team consisted of Managing Partner Dovile Burgiene and Senior Associate Domas Sileika.

Cobalt’s team included Managing Partner Irmantas Norkus and Senior Associate Zygintas Voronavicius.

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.