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TGS Baltic and Cobalt Advise on InMedica and MediCA Group Merger

TGS Baltic has advised InMedica and its shareholders INVL Baltic Sea Growth Fund and Litgaja on the merger with the MediCA Group. Cobalt advised MediCA.

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TGS Baltic has advised InMedica and its shareholders INVL Baltic Sea Growth Fund and Litgaja on the merger with the MediCA Group. Cobalt advised MediCA.

"Post-transaction, one of the largest Baltic private equity funds INVL Baltic Sea Growth Fund (through its special purpose vehicle ‘BSGF Sanus’) remains the largest shareholder, with an ownership stake of 45% of InMedica shares, 40% is owned by the largest Latvian private medicine group Repharm, and the remaining 15% is held by Lithuanian company Litgaja," Cobalt informed.

Invalda INVL group company INVL Baltic Sea Growth Fund is a Baltic private equity fund. The group’s companies manage pension and mutual funds, alternative investments, individual portfolios, private equity assets, and other financial instruments.

InMedica and the MediCA Group are private medical chains operating in Lithuania.

The TGS Baltic team included Executive Partner Marius Matonis, Partners Aurimas Pauliukevicius and Dalia Tamasauskaite-Ziliene, Senior Associate Julija Eymirlioglu, and Associates Paulius Dabulskis, Rimante Varapnicke, Auguste Linauskaite, and Edvinas Einoris.

The Cobalt team included Partners Elijus Burgis and Rasa Zasciurinskaite and Senior Associates Julija Aleska and Laura Ryzgelyte.

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.