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Cobalt and Ellex Advise on LHV Financing for Dimedium Group Share Buyout

Cobalt and Ellex Advise on LHV Financing for Dimedium Group Share Buyout

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Cobalt has advised LHV Asset Management and LHV pension funds on their financing for the share buyout of the Dimedium Group. Ellex advised Dimedium.

According to Cobalt, “as a result of the transaction, Sivar Irval and Oliver Kullman bought the shares of the co-shareholders of the Dimedium Group with the financing of LHV. After the transaction, the Irval company owns a 75% stake.”

The Dimedium Group is an Estonian wholesaler of veterinary medicines and products, founded in 2015.

LHV is an Estonian financial group founded in 1999.

Cobalt’s team included Estonia-based Partner Marina Kotkas, Associate Maarja Tambet, and Junior Associate Christine Magi, Latvia-based Partners Edgars Lodzins and Guntars Zile, Senior Associates Diana Zepa and Krisjanis Buss, and Associate Aigars Batars, and Lithuania-based Partner Eva Suduiko, Managing Associate Julija Beldeninoviene, and Senior Associates Laura Ryzgelyte and Lina Aleknaite-van der Molen.

Ellex's team included Partner Ermo Kosk, Counsel Toomas Kasesalu, Senior Associate Hanna Pahk, and Lawyer Liis Tava.

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.