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Wolf Theiss and Cobalt Advise on ACP Credit EUR 10 Million Loan to Mogo IFN

Wolf Theiss and Cobalt Advise on ACP Credit EUR 10 Million Loan to Mogo IFN

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Wolf Theiss and Cobalt have advised Accession Capital Partners Credit on a EUR 10 million credit facility granted to Mogo IFN.

ACP Credit is a group of investment funds based in Luxembourg.

Mogo IFN is a subsidiary of the Eleving Group, a Latvian-based non-bank lender. In Romania, Mogo offers car purchase financing plans with effective annual interest rates starting at 55%.

According to Wolf Theiss, the credit facility will serve to finance Eleving Group's expansion in Romania. "The transaction also involved coordination with the Eleving Group's Latvian-based office with regard to the guarantees offered by the group Mogo IFN is a part of."

The Wolf Theiss team included Partner Claudia Chiper, Senior Associate Smaranda Vacaru, and Associate Ana Florea.

The Cobalt team included Specialist Counsel Andrejs Lielkalns and Senior Associate Inga Tenisa.

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.