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Cobalt Advises Baltcap Infrastructure Fund on Sale of Energia Verde to Gren

Cobalt Advises Baltcap Infrastructure Fund on Sale of Energia Verde to Gren

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Cobalt has advised the BaltCap Infrastructure Fund on the sale of its Energia Verde to Gren.

The transaction is contingent on customary closing conditions.

Energia Verde is a Latvian operator of biomass combined heat and power plant in the Riga region. According to Cobalt, “the woodchip-fired CHP plant is equipped with a 18 megawatt HoSt Bio-Energy Installations high-pressure water tube steam boiler and a 3.98 megawatt steam turbine.” In addition, according to Cobalt, the plant supplies Riga with electricity and heat. Gren is described by Cobalt as a “Northern European green energy company held by the Partners Group.”

In 2018, Cobalt advised BInF on its acquisition of 70% of the shares of Energia Verde from Energoeco (as reported by CEELM on October 31, 2018).

Cobalt’s team consisted of Partner Guntars Zīle and Senior Associate Martins Tarlaps.

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.