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Cobalt and Ellex Advise on BaltCap's Acquisition of Senior Baltic

Cobalt and Ellex Advise on BaltCap's Acquisition of Senior Baltic

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Cobalt has advised BaltCap on its acquisition of Senior Baltic from Orpea. Ellex advised the seller.

BPEF III acquired Senior Baltic via its subsidiary, Adoro. The transaction remains contingent on regulatory approval.

Senior Baltic operates an elderly care facility in Latvia, Dzintara Melodija. The facility opened in Riga in 2013 and has 202 beds.

Orpea is an operator of care homes and clinics across Europe, providing nursing homes, service residences, aftercare and rehabilitation, psychiatric care, medicalized retirement homes, and home services.

According to Cobalt, “the add-on investment is part of Adoro's strategy to build a leading social and healthcare chain over the next five years, with a total of more than 500 beds, providing high-quality care services in Latvia.”

According to Ellex, Orpea has announced the "sale of its entire scope of activities in Latvia."

In late 2022, Cobalt advised BaltCap on entering the Latvian social and healthcare sector via its acquisition of Dzives Abece assets (as reported by CEE Legal Matters on December 7, 2022).

Cobalt’s team included Partner Guntars Zile, Senior Associates Diana Zepa, Juta Meimere, Ivo Maskalans, and Agnese Gerharde, and Associates Gabriela Santare, Vadims Zvicevics, and Arturs Valdersterns.

The Ellex team included Partner Sarmis Spilbergs and Associates Gabriela Fomina and Kristers Losans.

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.