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Cobalt Advises Treeland OU on Acquisition of Majority Stake in Lido AS

Cobalt Advises Treeland OU on Acquisition of Majority Stake in Lido AS

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Cobalt has advised Treeland OU on the acquisition of a 51% stake in Latvian catering company Lido AS for an undisclosed amount.

Treeland OU is an Estonian company owned by Ivar Vendelin. 

Lido AS is the owner of 20 restaurants operating in Latvia and Estonia and nine grocery shops in Latvia. It was registered in 1991 and posted a turnover of EUR 59 million in 2019.

Cobalt’s team included Estonia-based Partner Aivar Taro and Senior Associate Liina Saaremets and Latvia-based Managing Partner Dace Silava-Tomsone, Senior Associates Elina Locmele, Kristine Patmalniece, and Inga Tenisa, and Associates Juta Gulkevica, Zane Caune, Gabriela Santare, and Vadims Zvicevics.

Cobalt did not reply to our inquiry on the matter.

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.